The Last-Minute Race for Gold

The Last-Minute Race for Gold

Investors can feel the storm building on the horizon. We started the year off rough, with stocks immediately diving into negative territory. At the same time, gold soared.

Sure, as we work our way through the final month of the second quarter, stocks have gotten their heads back above water — the S&P 500 is sitting on a gain of roughly 2% for 2016.

But gold — despite some recent profit-taking — is still up more than 20% in 2016. And gold is likely to remain a hot ticket in 2016 as the global market struggles…

Despite numerous talking heads claiming that gold is dead and the precious metal has no use, demand for the commodity remains red hot.

The World Gold Council reported at the end of May that first-quarter gold demand soared 21% on a year-over-year basis to 1,290 tons, making it the second-largest quarter on record.

Total bar and coin demand rose 1%, and central bankers bought 109 tons, marking the 21st consecutive quarter of purchases.

BullionVault also reported that demand in May spiked, with its Gold Investor Index reaching 55.8 — the highest level since April 2013. The index tracks balances of private investors starting or growing holdings compared against those who cut or sold holdings. Readings greater than 50 indicate there are more people adding gold to their accounts than individuals removing gold from their accounts.

The Building Storm

Gold continues to be a preferred way for many people to store wealth in uncertain times. And that’s what we certainly have!

  • The Federal Reserve is once again playing the will it/won’t it game for interest-rate hikes. (The next meeting is scheduled for July 26 and 27.)
  • The jobs market is starting to look sickly as May’s nonfarm payrolls came in sharply below estimates, while both April and March’s reports were revised lower.
  • May industrial production dropped by 0.4%, marking the seventh decline in the past nine months. Industrial production is down 1.4% in the past 12 months.
  • Threat of the U.K.’s potential departure from the EU is also adding some volatility to the global market.

As Jeff Opdyke pointed out recently, the economy is sitting in a dire position, and it doesn’t look as if it’s going to get any better. The consumer — who has supported this economy for far too long — is sucking in more and more debt, while job growth remains weak.

A Safe Haven

Diversifying some of your portfolio with precious metals such as gold or silver — which is currently up roughly 23% this year — may help to protect your wealth against the current market turmoil.

One avenue for adding gold, silver, platinum or even palladium to your portfolio is through EverBank’s Metals Select® accounts. These non-FDIC insured accounts allow you to buy specific coins and bars directly, or opt for the more affordable Metals Select® Unallocated Account and have your metals pooled with other EverBank clients. For full details on EverBank’s Metals Select® accounts, please click here.

For the sake of full disclosure, we receive a marketing fee based on our relationship with EverBank. But, honestly, we’d work with them regardless.

Holding some gold among your assets could prove to be the protection you need to weather this storm.

The Last-Minute Race for Gold
Jocelynn Smith
Sr. Managing Editor, Sovereign Investor Daily

  • Bertharina Rina

    Sara relates: ” Let me reassure you America was never great in the battle field nor has the United States brought peace and security to the world. America’s greatness is the products of Hollywood movie.” Hogorina’s rebuttal: ” Sarah, A respond was forwarded regarding WW11, military might and HOLLYWOOD. ” This post with much historicity was not posted. Can you explain why. Your oridnary bread and butter pablum of socialism is not for me–no special grind of social engineering fits my better half.My own drummer leads me alone down the path of genuine republicanism. True we do have a pseudo Democracy/Republic–things will change.
    In summing up Sara’s and an earlier e-mailer’s ideas existing amongst western and eastern Europe, as usual, Hollyweird is forever polishing the mind-bending flicks of
    the hand-me-down plague of socialism in most films. The only conclusion is that the screen Actor’s Guild, rubbish, which has had long ago existed is up and running.
    Do a little research and you might comprehend the vicious cycle of wealth, gun powder and global explortation behind the scenes of Russia and Amrican political whoredom. In 1892, Cecil Rhodes, billionaire, sat up the Pilgrim Society. This secret organization is still in existence under present day organizational variations. Rhodes was a representative of London’s,( Empire of the City). And it exists today. This society is a Super State. This one-eyed invisibal cylops is the master influence behind international finance. Now you have a picture! What you think matters little. Most likely, this information will wind up in file 13, the trash dumpster. We will see!

  • Bertharina Rina

    The late President Dwight Eisenhower sat foot on Ellis; and most likely, his accompanying entourage could have been Satan. Of course not, for Ike professed no religious intuition. If true,
    God and Satan were myths. Here was a born liberal. From out of no wheres an alien import became Chief in Command of U.S. military forces within Europe during WW11. The major drift here is that this individual became President of this United States of America. In essence, a well-planned con-job was pulled off on the national inarticulate citizenry through a well press-agent-ed intent to manufacture open lies, under the then Presidential gangster, Franklin D. Roosevelt. Franklin was a born scoundrel. As to his origins, a tool in the palms of the British Crown and the District of Columbia. His global political ties reversed back to the late President Teddy Roosevelt and Woodrow Wilson. This gang, consisting of spiritual ties, were globalists within their natural obligations to look out for a future universal syndicated machine of ruling financial engineers. Evidently, Ike was schooled in post political sycophancy; as Ike’s wants were simple and unassuming, in that lust and an egotistical figure brought out his natural instinct to become one of this world’s human mad-man and monster. In this image of a scoundrel, Roosevelt had found his boy !
    In Berlin, as of 1945, Ike was military General over Western Berlin. General Patton had no use for Eisenhower. Patton watched Ike run Christians, Mormons, Protestants, and Catholic from their homes in allowing commies out of prison to live better. The Red army, consisting of Asiatics and Mongolian stock, were barbarians and uncivilized. Christians in prison were starved, for Ike allowed them any food. Patton hated what he visioned. He kept a diary. After three tries Patton was murdered. We must go further to know that the late President Harry Solomon Truman fired MacArthur in 1950. Too, this small un-elected President also took Patton’s command from him.
    Eisenhower had four prisons camps West of the Rhine. Thousands of men, women and children were caged in by bob wire and no shelter. The Rhine River was close by, but Ike denied helping souls to suffer and die. Ike had actually caused the deaths of several million souls. This was one of the lowest sons of ******* that God has ever sent to earth. All though the war, Ike had his private shack job, Faye Summersby. In the White House, Allen Dulles, Secretary of state, relayed that no lady was safe around Ike. Ike came down with dementia and spent his last days playing golf. The ruling elite was glad to know that their chief stooge was dead.

    Teenage Mutant Ninja Birth Certificates
    Wednesday, April 28, 2010
    By Don Nicoloff
    April 28, 2010
    Naysayers must now regroup and reinvent their ad hominem attacks. After it was revealed that former U.S. President Dwight D. Eisenhower was not born in Denison, Texas in 1890, nor anywhere else in the United States, a flurry of ‘Eisenhower’ articles appeared on the Internet as an ineffectually feeble, psychological counterbalance to the revelation that Eisenhower (aka David Dwight Eisenhower) was not a natural-born U.S. citizen. It so happens that he real name was “Johann Adolf Eisenhower,” and his lineage was traced to Solka, Bukovina, Austria-Hungary
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