Gold Is Doing Something Interesting
Posted By | January 24, 2017
Gold has been on a roller coaster ride since the middle of 2016, and it’s a little difficult sometimes to see the big picture when there is so much static every day.
But here is a little tidbit that might surprise you. As of January 18, the gold-tracking exchange-traded fund GLD has risen in 13 of the previous 15 sessions, a feat it has not accomplished in more than five years. This performance prompted fund manager Chad Morganlander of Washington Crossing Advisors to tell CNBC, “We are constructive on gold.”
And Chad is by no means alone. Stacey Gilbert, head of derivative strategy at Susquehanna, said on CNBC, "We've seen investors start to buy options on products like the GLD, where they're kind of positioning for volatility" in the overall market.
Ah, volatility. We know all about that. Gold, stocks and bonds have all been quite volatile in the last year, and frankly we don’t see that ending anytime soon. So much is going on right now. For one thing, Donald Trump is taking over the White House and we think things will never be the same. The only certain thing we can say about 2017 is that it looks uncertain.
Uncertainty is one of the primary sources of demand for gold. When a new kind of leader comes to Washington and vows to rip it apart, you can bet there are going to be a lot of hand wringers and naysayers who will cast everything Trump is doing in the worst possible light. But millions of Trump voters are made of sterner stuff, and you can expect many pitched battles in Congress as the old ways of doing things meet the Trump shredder.
In this kind of situation, many smart Americans are looking for some tangible assurance that they are ready for any upheaval. High on their list of things to own may be gold.
Augusta Precious Metals can help with that. We’ve been setting up Augusta™ Gold IRAs you can SEE, TOUCH & HOLD™ for years now, and we can set one up for you. We also offer you proven customer service. You can read many 5-star independent reviews by our customers at TrustLink.org. With an Augusta™ Gold IRA, you can contribute up to $6,500 a year, take your contribution as a tax deduction, and use the contribution to buy IRA-approved gold and silver coins from Augusta. These are exciting times ahead – don’t miss this opportunity to participate by accumulating gold in your Augusta™ Gold IRA starting today! Trust Augusta!
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