Gold has been quietly moving higher for some time now, and the yellow metal could be gearing up for a significant upside breakout. Numerous issues have helped propel the metal higher in recent weeks, including but not limited to geopolitical tensions, worries over the debt ceiling, a dovish Fed and potential topping action in equity markets.
In a recent article from Kitco.com, Dennis Gartman, author of The Gartman Letter, suggested that gold is about to finally breakout. He was quoted as saying “Gold is about to break out on the upside strongly.” Discussing gold’s somewhat quiet ascent, he went on to say that “If you look at bull markets in almost every commodity, the great movement occurs in the last 10-15% of the timeframe. The beginnings of a bull market are very difficult, but we don’t make new lows. And that is what has been happening to gold.”
As to the factors that may be fueling buying interest in gold, Gartman was quoted as saying “One never knows when geopolitical risks will arise. One never knows when something untoward will happen economically. The stock market looks a little vulnerable. The geopolitical circumstances are getting worse and worse.”
Bridgewater Associates founder Ray Dalio recently issued similar advice about gold, and DoubleLine Capital CEO Jeff Gundlach is yet another big name in the investment community that is bullish on gold.
These guys know a thing or two about markets and the economy, and when they talk people ought to listen.
Fortunately, we believe that the gold bull is just getting started, and that the market could potentially be just entering a multi-year protracted bull market. Opportunity could be knocking at the door right now, the question is will you answer?
Adding physical gold to your portfolio has never been easier and more convenient than it is today. A simple phone call can get the process under way, and in a few minutes you can take steps that may potentially help add further diversification to your holdings while also taking ownership of an asset that may potentially provide a meaningful hedge against a number of geopolitical and economic issues such as inflation, deflation or declining currency values.
We believe that the price of gold is currently at levels that may not be seen again, that is to say that gold prices could rise substantially from current levels and $3000, $5000, or even $10,000 per ounce gold could become the “norm.”
If you like getting as much value for your capital as you can, now may be the time to act. Speak with an Advantage Gold account executive today about the potential benefits of physical gold ownership. Our associates are here to answer any questions you may have, and can even show you how to buy and hold gold using your IRA account.
Don’t wait for the next major stock market collapse or for gold to take off higher. Explore your options for physical gold ownership today. Call Advantage Gold at 1-800-341-8584 to get started today.Tags: advantage gold, debt ceiling, geopolitical risk, gold, gundlach, kitco, ray dalio, stock market collapse