A recent article on CNBC.com was titled: “Gold suffering second-worst quarter in 18 years, as all goes awry for the metal.” The article goes on to state that “Gold has slumped nearly 12 percent in the fourth quarter, suffering its second-worst quarter in 18 years as a host of catalysts pummel the yellow metal.”
Sounds bullish to us…
Let’s also not forget that as of right now, gold is still up for the year.
Gold has not been able to get much going to the upside in recent weeks, and as of right now, it seems that the market could potentially probe some fresh lows before finding a near-term bottom.
This makes perfect sense given the tsunami of rising rates, higher stocks and a stronger dollar index that gold has faced over the last month. Not to mention the fact that people just feel like taking on some risk right now…Just take a look at the VIX…
A particular quote from the great Warren Buffet comes to mind: “Be fearful when others are greedy and greedy when others are fearful.”
You could certainly argue that there is no shortage of greed currently at work in risk assets. Stocks have been making fresh all-time highs with ease, and appear poised for even more gains. The market is seemingly gliding higher on a fluffy white cloud made of economic optimism, tax cuts and hope for the future.
A great deal of fresh capital that has been sidelined is being put to work in equities. Those who have been watching this rally go on and on without them will likely be getting in soon, as the pain of missing out becomes too much to bear.
That’s usually when the bottom falls out from underneath you.
Now is the time to consider asset classes that may potentially offer much-needed diversification. Now is the time to consider assets that can potentially provide a meaningful hedge against another stock market crash or rising inflation. Now is the time to consider gold.
And what better time to buy gold than during a pullback?
In our view, gold is currently on sale for 12 percent off from last quarter.
Although all seems well right now, markets can and do turn on a dime, and investor sentiment can shift in the blink of an eye.
In our opinion, it’s not a question of “if” but rather “when.”
If you like getting more value for your money, and like stretching your investment dollars further, now is the time to consider adding physical gold to your holdings.
If you already own gold, now is the time to consider adding more.
Doing so has never been easier.
You can take advantage of lower gold prices right now by simply picking up the phone. Speak with an Advantage Gold account executive today about the potential benefits of physical gold ownership. Our precious metals professionals can educate you on various physical gold products, and can even show you how to buy and hold physical gold using your IRA account.
Don’t wait for gold prices to rise from current levels, or for the next major stock market crash before taking action. Call us today at 1-800-341-8584 to get started.Tags: advantage gold, buffet, buying opportunity, dollar index, gold, rising rates, stock market rally, vix