As we have stated for some time now, gold could be at the early stages of a multi-year protracted bull market. In recent action, gold has eclipsed its previous swing highs and has covered some serious ground in a short period of time. Although we believe that further upside-and lots of it-is likely to be seen in gold in the coming weeks and months, no one has “missed the boat” as of yet, and now is as good a time as any to start adding physical gold to your holdings.
News of North Korea’s latest nuclear test sent waves through global financial markets once again. Over the weekend, the nation reportedly conducted a successful test of a hydrogen bomb, detonating it underground. The test resulted in significant seismic activity, and would seemingly indicate that the country continues to make strides in becoming a nuclear power.
The U.S. and its allies will now likely look for other ways to put the squeeze on the North, increasing sanctions and pressuring other countries such as China to cut off the North’s oil supply.
Whatever steps the U.S. and its allies do take, this situation is far from resolution. And while the North Korean conflict is one factor fueling higher gold prices, it is certainly not the only factor and likely not even the primary driver of higher gold.
Gold investors appear to be far more focused on the economy, typical Washington gridlock, a weaker dollar and a dovish Fed. The fact is that there are many reasons to buy gold right now with or without North Korea.
Gold may not, however, continue to move straight up, in fact, some back and fill trade is necessary to maintain a sustainable positive momentum. This means that you can still get into gold right now, and can still potentially participate in what may be significant upside to come.
Consider this: The economy continues to show some signs of weakness, inflation remains non-existent, the debt ceiling fight is about to take center stage and hurricane Harvey is likely to have a massive cost associated with cleanup and rebuilding. Not to mention the potential damage that hurricane Irma or other storms may cause before the end of storm season.
Stocks have also once again been showing signs of stress, and the equities market could potentially be at or near a long-term top.
Given these factors, now may be the ideal time to diversify with gold. Adding gold to your holdings has never been easier than it is today, and the metal can potentially appreciate in price while also providing a potential hedge against a government shutdown, weaker dollar or stock market crash.
Speak to an Advantage Gold account executive today about the potential benefits of gold ownership. Our associates are here to answer any questions you may have, and can even show you how to take advantage of your IRA account to buy and hold real, physical gold.
Don’t let the bull market in gold take off without you. Explore your options for gold ownership today. Call Advantage Gold at 1-800-341-8584 to get started today.Tags: advantage gold, debt ceiling, dollar, Fed, gold, gridlock, harvey, inflation, north korea