Gold and silver prices are steady in early a.m. trading Tuesday as gold hovers near a seven week high and silver steadies at $16.00. Gold last reported is $1166.40.
Michael Hartnett, Bank of America strategist, is warning investors to “anticipate a massive policy shift in 2016, if the secular reality of deflation and inequality is intensified by recession and rising unemployment.” Central banks will no longer be able to bail systems out by pumping massive amounts of cash into the stock markets.
Mr. Hartnett is advising investors to short Wall Street and move into gold, commodities and TIP’s, stating these are the assets bears should accumulate if markets head to new lows.
There’s still time to protect our assets with physical gold and silver while prices remain suppressed below production costs. You can own real physical precious metals in your IRA and the process typically takes 30 days to complete. We continue advising clients to move into silver long term because of its industrial usage.
Give us a call at 1-800-577-3195 ext. #1 to begin securing a portion of your wealth while it remains.
Gold Goliath is not your typical gold dealer.