The gold market has seen some solid gains since the beginning of this year. Investment demand for the yellow metal could be attributed to numerous factors including the economic slowdown in China, deflationary risks, ongoing geopolitical tensions, uncertainty over U.S. interest rates, and more.
We would certainly have no trouble laying out a very bullish case for gold at this point, but it doesn’t matter what we think, it only matters what you think.
We would make the argument that gold has many reasons to rise in value, and if current market action is any indication, many others would agree.
By some estimates, Q1 buying in gold was the largest on record.
According to The World Gold Council, global gold demand reached 1290 tons in the first quarter, a whopping 21 percent increase over the first quarter of last year. According to the Council, Asian jewelry demand was actually down and global demand for jewelry fell by 19 percent.
This would seem to clearly indicate that the increased appetite for gold was driven by investment demand.
Why do you suppose that is?
Could it be because we are in the midst of what could be an extremely significant U.S. presidential election?
Could it be because the world economy continues to struggle?
How about because the dollar has been on the decline?
We would say yes, yes, and yes again.
Unfortunately, much of the money seen flowing into gold in the first quarter found its way into exchange traded funds, or ETFs.
Can you hold an ETF in your hand, store it at home or close by and use it to facilitate trade or exchange?
Will shares of an ETF buy you food to eat or a gallon of gas? Can shares of an ETF put a roof over your head?
Of course not…
That’s why it is so important to get your hands on the real deal…
That’s why you need to build a holding of physical gold and silver. The kind that has been considered a reliable store of wealth and value for thousands of years. An asset class that could be used as a medium of exchange. Physical metals that are recognized, traded, and highly valued all over the world.
The fact is there is only so much gold and silver to go around…
While derivatives contracts and other instruments can be seemingly traded in endless supply and of seemingly unlimited volume, many of these instruments may not have the actual, physical gold to back them up. If push came to shove, you may be left with nothing more than a worthless piece of paper.
In our view, demand for gold, silver, and other precious metals is likely to continue rising. If you want to get your hands on metals before prices rise further, we believe now is the time.
Did you know that you can buy and hold actual, real, physical gold and silver in your IRA account?
You can… And doing so is a simple and convenient process.
We feel strongly that gold has every reason to continue its ascent and that recent increases in demand are likely only going to intensify.
Don’t wait for higher prices or a supply crunch. Explore your options today. Speak with an Advantage Gold account executive to learn just how easy it is to add physical precious metals to your portfolio. Our account executives will answer your questions and guide you through the process from start to finish. To get started, call us today at 1-800-341-8584.Tags: add gold to my ira, advantage gold, buy gold, buy silver, demand for gold, global gold demand, gold, highly valued asset, investment demand for gold, physical gold, physical silver, precious metals, reliable store of wealth, silver