Gold zoomed higher early then lost some momentum on the release of last month’s Fed minutes showing a somewhat hawkish lean among policymakers. It finished up $11 on the day at $1353 reaching $1365 at one point during the trading session – well above the all-important $1360 mark. Silver managed to eke out a small gain finishing up 6¢ at $16.69. Gold moved sharply higher early on reports that the U.S. will launch a missile attack on Syria, a continuing surge in oil prices, and lingering concerns about the trade war with China.
Quote of the Day
“Vanguard founder Jack Bogle has been around the block. The 88-year-old investing titan, who is basically the father of passive investing, says this renewed regime of volatility in stocks is uncanny… ‘I have never seen a market this volatile to this extent in my career. Now that’s only 66 years, so I shouldn’t make too much about it, but you’re right: I’ve seen two 50% declines, I’ve seen a 25% decline in one day and I’ve never seen anything like this before.'” – Mark DeCambre, MarketWatch
How to choose a gold firm
A quick guideline for beginning investors
It is surprising how many prospective investors simply dive into gold and silver investing without much in the way of a consumer inquiry. That lack of simple due diligence has ended up costing a good many investors thousands of dollars, and sometimes even hundreds of thousands, before the damage is detected.
It might be the most important decision you will make on the road to becoming a gold and silver owner.