COT – Gold specs lift bullish bets to highest in 10 weeks


–– Now posted ––
Commitment of Traders reports for Tuesday, December 3, 2019
GOLD • SILVER • US DOLLAR INDEX

Commentary by Zac Storella, CountingPips

[LINK]


Posted in Announcements, Today's top gold news and opinion | Tagged |

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NEWS &VIEWS
Forecasts, Commentary & Analysis on the Economy and Precious Metals
Celebrating our 46th year in the gold business

Sign-up to receive our upcoming issue.
–– Release date December 10, 2019 or thereabouts ––
Your interest is welcome!

image of golden compassIf you think you could benefit from a concise review of the latest news, analysis, and opinion on the gold market from a variety of expert sources, then News & Views is the newsletter for you. Since the early 1990s, we have offered it free-of-charge as a monthly service to our regular clientele and as an incentive to prospective clients. By subscribing, you will automatically receive future editions and occasional in-depth Special Reports by e-mail.

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Gold Classics Library

Row of books on library shelfA Gold Classics Library Selection


Golden Slumbers

graphic image of man with an armful of gold coins

by Kenneth Rogoff

In the third edition of The ABCs of Gold Investing, I make reference to the landmark book, This Time Is Different – Eight Centuries of Financial Folly by Ken Rogoff and Carmen Reinhart with the following observation:

In a later interview with the Financial Times [early 2012], Kenneth Rogoff reveals that ‘one of the reasons that Carmen Reinhart and I hit it off, is that we are both incredibly cynical about governments.’ Though I cannot vouch for the contents of Mr. Rogoff’s investment portfolio, such cynicism, it has been my experience, more often than not beats a path to gold’s door. Reinhart and Rogoff end the preface to the book with this prediction: ‘Unfortunately even before the ink is dry on this book, the answer will be clear enough.  We hope that the weight of evidence in this book will give future policy-makers and investors a bit more pause before next they declare, ‘This time is different.’ It almost never is.”

Dr. Rogoff, as you are about to read, does indeed have a soft spot for gold and for the right reasons. MK

[LINK]


 

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Why precious metals make sense for your IRA in the age of low to negative real rates of return

Image showing negative interest rates as red area chart

The warnings from financiers and analysts on the impact of low to below zero interest rates on investment planning come almost daily.  Reuters’ Toby Sterling recently told the story of a Dutch pension fund that was actually reducing monthly payouts to its subscribers by 8% directly the result of Europe’s negative interest rate environment. “The planned reductions,” writes Sterling, “due to take effect from January 2020, have shaken a country renowned for having one of the world’s strongest pension systems, and are an early warning to others about the impact of record-low interest rates.” 

Negative interest rates are a reality in both the European Union and Japan. Alan Greenspan recently said that it is “only a matter of time” before they spread to the United States.  One of the arguments against gold over the years has been that it costs money to own it. Now it costs money to own euros and yen, and before too long it might cost money to own the dollar as well. “One of the reasons,” Greenspan added in that same CNBC interview, “the gold price is rising as fast as it is – you know, at $1500 a troy ounce . . . What that is telling us is that people are looking for resources they know are going to have a value 20 years from now, or 30 years from now, as they age and they want to make sure they have the resources to keep themselves in place.”

The advent of negative rates is perhaps one of the more profound differences between this gold rally and rallies in the past. It might also prove to be the most enduring.  If you have an interest in hedging your IRA with precious metals, we can help.


Ready to launch your precious metals retirement account?
ORDER DESK
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1-800-869-5115 x100/orderdesk@usagold.com
We invite you to call or e-mail for friendly, helpful service.
Or start the process by setting up your retirement account here.
Then contact us at your convenience.

Need more info?  Try this Q&A.

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The Precious Metals Safe Storage Advantage

Graphic image of gold safe doorIt only takes a few minutes to complete a Precious Metals Safe Storage account opening form, but it could mean all the difference for the investor seeking a superior alternative to gold and silver ETFs. We use the word “superior” because depository storage accounts come with an option not readily available in most ETF accounts – You can take delivery of the metal in your account, or any portion of it, whenever you wish.

At the same time, given the exclusive preferred referral storage rate you receive by opening your storage account through USAGOLD, the annual cost to maintain your holdings is comparable (and often lower) to what most ETF vendors charge in annual fees. All the while, your metal is stored safely and fully insured in an allocated account at one of America’s oldest, largest and highly respected independent depositories – a firm with which we personally have done business for decades.  To get started, we invite you to go to the link immediately below and fill out the application.

This approach is especially well suited for those who want to take a strong position in silver and avoid the logistics and storage problems that often accompany it.

Account Form – Precious Metals Storage Account


Ready to move from education to action?
1-800-869-5115 Ext#100
orderdesk@usagold.com

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Image of the word 'Gold' with elaborate gold crownThe Investment of Kings and the King of Investments

From the small investor just starting out to the high-net-worth individual hedging a multi-million dollar portfolio, we have helped many thousands add precious metals to their holdings in our more than 45 years in the gold business – safely, economically and with the investor’s goals in mind.

No matter the size of your investment kingdom, we can help!


Ready to move from education to action?
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
ONLINE ORDER DESK-24/7

Important! –  Gold’s Century: While stocks dominated headlines, gold quietly performed

Posted in Announcements, ClientInsights, Today's top gold news and opinion | Tagged |

USAGOLD Special Report

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Bridging the ‘Fourth Turning’ with Gold
It began in 2008.  It is scheduled to end in 2028.
What happens between now and then?

graphic image of suspension bridge“Howe designates 2008 as the start date for the current fourth turning. Since turnings typically last 20-23 years, it will end sometime between 2028 and 2031. That puts us about midway through the cycle. At the moment, if the politicians, Wall Street and press accounts on the status of the economy are to be believed, the good times have arrived. For many Americans, though, that arrival has some pretty dark clouds hanging over it – the deep political divisions, the escalating trade wars, the emerging nation debt and currency crisis, the overvalued stock market, the threat of rising interest rates – and that is just a sampling of fourth-turning strata that worries global investors. The nation despite the rosy outlook is a bit unnerved by it all. For his part, Howe, who saw it coming, believes things could get much worse before before they get better.”

–– Full Article ––

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Posted in Announcements, Today's top gold news and opinion, USAGOLD Special Report | Tagged |

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The Power of Gold Diversification
“Although it is needed in good times, it can be vital when times are difficult.”

photo of Sir Peter Tapsell speaking before Parliament

This short article begins with reference to a speech by Sir Peter Tapsell on the merits of gold ownership before the House of Commons in 1999. The occasion was Britain’s proposed sale of over half of its gold reserves at under $300 per ounce. It ends by comparing the performance of two investment portfolios from the time of that speech to present. One portfolio – the more successful of the two – included a diversification with gold; the other did not. Sir Tapsell, who passed away this last August, lived to see his defense of gold vindicated. Though his argument before the House of Commons failed to stop the sales, it goes down as one of the most eloquent appeals ever made on the merits of gold ownership for nation-states and individuals alike.

[LINK]

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Posted in Announcements, Today's top gold news and opinion | Tagged |

A telephone call from an old client and friend

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‘Gold shone with the placid certainty of received tradition’

Image of 1907 $20 High Relief gold coins, beauiful“I had the happy occasion recently of receiving a telephone call from an old client and friend – a physician safely retired near the sea and alongside one of the South’s oldest golf clubs. It was good to hear from this student of the markets – one of life’s steady and thoughtful practitioners. Back at the turn of the century, Doc foresaw much of what would happen economically in the United States and purchased what he considered enough gold to see him through it.”

[For the rest of Doc’s story we invite you to visit this link.]


ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ONLINE ORDER DESK-24/7

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Posted in Announcements, ClientInsights, Today's top gold news and opinion |

A USAGOLD Special Report

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CHART STUDY

Toward a better understanding
of the U.S. national debt . . .
and its consequences

Ed Stein cartoon image of skycraper of debt reaching into night sky“As of Friday, April 12, 2019, the national debt stood at $22,027,837,127,788.04 – $966 billion higher than a year ago, $2.081 trillion higher than when Donald Trump took office January 20, 2017, and nearly double where it was ten years ago. It is no doubt much higher now than it was then as that is the nature of the national debt. It always grows. It never shrinks. And that has consequences for the country and for you as an investor.”

–– Full Study ––


image of golden compass If you think you could benefit from a concise review of the latest news, analysis, and opinion on the gold market from a variety of expert sources, then News & Views is the newsletter for you. Since the early 1990s, we have offered it free-of-charge as a monthly service to our regular clientele and as an incentive to prospective clients. By subscribing, you will automatically receive future editions and occasional in-depth Special Reports by e-mail.

FREE SUBSCRIPTION!

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Posted in Announcements, Today's top gold news and opinion | Tagged |

USAGOLD Special Report

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Gold’s Century
While stocks dominated headlines, gold quietly performed
by Michael J. Kosares

Image of computer screen with bar chart and map of world in background, gold colored

Over the last nearly two decades, gold has been in a secular bull market. Many believe that we are now on the verge of a second leg in its ascent. This article reveals nine little known and surprising facts about gold’s price performance since 2001 and tells why we are living in gold’s century, not the stock market’s.

–– Full Article ––


ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ONLINE ORDER DESK-24/7

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Posted in Announcements, Today's top gold news and opinion |

Favorite web pages

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Graphic of black swan on gold circleBlackSwansYellowGold
How gold performs during periods of deflation,
disinflation, stagflation and hyperinflation

“That men do not learn very much from the lessons of history is the most important of all the lessons of history.” – Aldous Huxley

Though Huxley’s observation is readily applied to humanity collectively, it does not apply so easily to individual investors. As justification, we offer the ongoing (and long-term) success of the USAGOLD website as well as the soaring statistics on the growth of private gold ownership over the past decade both in the United States and abroad, inspired directly by the lessons learned from financial market upheaval. The following short essays are dedicated to the safe-haven gold investor who, like noted financial author Nicholas Taleb, believes that it is just as important to prepare for what we cannot foresee as what we can.


BlackSwansYellowGold Series

Gold as a deflation hedge

Gold as a disinflation hedge

Gold as a stagflation hedge

Gold as hyperinflation hedge

Gold as the portfolio choice for all seasons

A chronology of panics, mania, crashes and collapses
(400 BC to present)

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Posted in Announcements, Favorite web pages, Today's top gold news and opinion | Tagged |

How to submit your completed account form

Once you have completed your account form, please –

 – Scan, or take a photograph of your form, and email it to us at orderdesk@usagold.com or you can fax a copy to 303-399-6759.

 – IMPORTANT! Be sure to list USAGOLD as your designated dealer so once received, we can submit the application on your behalf to secure your preferred rate.

 – We will notify you by return e-mail when your account has been opened.

– Once notifed, you can begin populating it with both newly purchased metal, or metal you already own.

– Ask us about secure transportation logistics if moving metal you already own into safe storage is an avenue you would like to explore.

– USAGOLD
FAX 1303-399-6759
orderdesk@usagold.com

Posted in Announcements, Today's top gold news and opinion |

Why gold’s price is determined to keep rising

MEMBER ALERT
Exclusive Premium Bulletin Board update now posted.


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Posted in Announcements, Today's top gold news and opinion | Tagged |

BlackSwansYellowGoldOODLinkPage

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Graphic image of black swan on yellow gold medallionBlackSwansYellowGold
How gold performs during periods of deflation,
disinflation, stagflation and hyperinflation

“That men do not learn very much from the lessons of history is the most important of all the lessons of history.” – Aldous Huxley

Though Huxley’s observation is readily applied to humanity collectively, it does not apply so easily to individual investors. As justification, we offer the ongoing (and long-term) success of the USAGOLD website as well as the soaring statistics on the growth of private gold ownership over the past decade both in the United States and abroad, inspired directly by the lessons learned over the past decade of financial market upheaval. The following short essays are dedicated to the safe-haven gold investor who, like noted financial author Nicholas Taleb, believes that it is just as important to prepare for what we cannot foresee as what we can.


BlackSwansYellowGold Series

Gold as a deflation hedge

Gold as a disinflation hedge

Gold as a stagflation hedge

Gold as hyperinflation hedge

Gold as the portfolio choice for all seasons

A chronology of panics, mania, crashes and collapses
(400 BC to present)

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Posted in Announcements, Reference |