In Three to Five Years Gold Will Be Priceless

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Published : April 23rd, 2015
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( 10 votes, 4.6/5 ) , 3 commentaries
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Over the next few years as debt, currencies and countries start to fall apart individuals will be looking to place their money where it will hold its value and buying power during times of extreme uncertainty.

If you eliminate fiat currencies which are created out of this air and are nothing more than a credit we are left with precious metals and stones. As much as we have evolved over time, we could be valuing things like gold, silver, platinum, and precious stones more so than our currency.

Let's face it, currencies are swinging in value 20-50% regularly and while most people do not realize it their buying power often is not as strong as it was. Would you rather hold a large portion of your capital in say the EURO which is falling like a rock in value costing you thousands of dollars a month, or would gold and silver which rises in value as your currency falls be a smarter decision?

Do not get me wrong, I am not trying to be a doom and gloom analyst. And I hope to be wrong, but with so many things pointing to an extreme global change it only makes sense to add some protection in the event something drastic does happen. My new book explains how to protect your capital in detail.

With the average fiat reserve currency since 1400 lasting between 80-105 years. With the dollar becoming the reserve currency in 1920 the odds point to the dollar being dropped within 3-5 years.

24hGold - In Three to Five Yea...


Gold Price Chart & Long Term Bullish Patterns

24hGold - In Three to Five Yea...


Review Of the 1970-80's Gold & Silver Bubble

The chart below shows the price of gold, silver, the typical price bubble, and phased of the market which happens in all asset types at some point in their life cycle.

The red line shows the average market participants emotional state.

Yellow line is the price of gold, and the grey line in silver.

Review Of the 1970-80's Gold & Silver Bubble


Current Gold & Silver Bubble - Priceless

The last bull market in precious metals will be dwarfed by the next one which I expect to start later this year. Over the next 3-5 years currencies, metals, stock market, new policies in the USA, etc... are likely to change more than we ever thought possible.

24hGold - In Three to Five Yea...


Priceless Gold Conclusion

What does all this mean? It means money is going to move out of dying currencies and into physical assets like gold, and silver.

There are three different forecasting models for gold I have created. Depending how things play out in the next couple years the low target is $5,000 oz, and highest is $12,000 oz.

Starting to accumulate physical gold and silver as a long term investment and as insurance for your portfolio is critical. Small denominations are best because when prices sky rocket it will be tough to sell/trade a $12,000 oz gold bar compared to a gram of gold that will be worth $450, or better yet an ounce of silver worth $150.

With that said my key focus is on trading for income and growth through the use of exchange traded funds. And if precious metals are about to start another bull market there will be big gains in gold stocks which I will be trading.

 

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Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and author of the book: 7 Steps to Win With Logic Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better. His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility. He has also been on the cover of AmalgaTrader Magazine, and featured in Futures Magazine, Gold-Eagle, Safe Haven,The Street, Kitco, Financial Sense, Dick Davis Investment Digest and dozens of other financial websites.
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The so called fiat currencies that you declare worthless ie the US DOLLAR the UK POUND and others, are far from worthless.They are backed by a countries ability to raise taxes from its citizens and corporations.

These same governments also have the right of eminent domain,the right of government to take private property for public use. This right to tax and eminent domain arguably give currencies plenty of worth.

The possibility of an individual currency becoming worthless such as the German Reichsmark, or more recently the currency of Zimbabwe can and does happen.
This currency collapse to happen to all major currencies is almost impossible.

The confiscation of gold and other precious metals and stones by countries under eminent domain is a much more likely event than the collapse of all currencies.
Priceless conclusion ?

"With that said my key focus is on trading for income and growth through the use of exchange traded funds"

Are You OK ? Do you mean Gold or priceless paper ? when there are 100 owners per each ounce ?

Thanks for such advice anyway...
Trouble is, everything here could be said just as accurately, 3 to 5 years ago.
Latest comment posted for this article
The so called fiat currencies that you declare worthless ie the US DOLLAR the UK POUND and others, are far from worthless.They are backed by a countries ability to raise taxes from its citizens and corporations. These same governments also have the righ  Read more
terryhp - 4/23/2015 at 11:08 PM GMT
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