Gloomy economic forecasts push gold and silver to 3.5 month highs. Trillions have been lost in global stock markets since Jan. 1 and it’s getting worse.
Weakening economies and the selling of everything fiat including the USD has gold surging in early US trading Wednesday. The US dollar index has fallen since the end of January when it set a two month high. The probability that the Fed will boost its benchmark rate from 0.25 to 0.5 percent in 2016 is looking doubtful under current circumstances.
Gold last reported is $1150.10 and silver is $14.84.
We continue witnessing global sell-offs in Feb. that are the prelude to global defaults as central banks are out of ammunition to fight staggering debt.
It’s a great time to own physical gold and silver with the ability to purchase both metals below production costs. In April 2011, gold hit $2000 an ounce before COMEX began rigging precious metals markets. Gold and silver are positioned to stage a comeback on a scale never before seen.
Give us a call to begin protecting a portion of your assets with physical precious metals while prices remain suppressed. 1-800-577-3195
Gold Goliath is not your typical gold dealer.