Why Now Is The Best Time to Buy Gold

JH: My name is Jack Hanney Senior Partner at Patriot Gold Group, a collective of the industry leading experts, bringing you investor direct pricing. With the Feds recently postponing a June rate hike, and intimating at a postponing of a rate hike in July, forecast for gold were as high as $1900 an ounce in the quarters of 2017.

As a matter of fact, JP Morgan recently sent out an advisory letter to their clients stating to prepare for a new and very long bull market in gold. Black Rock, the world’s largest asset manager, with 4.6 trillion, under management, stated that it is the perfect time and place for gold. Ahead of the election with Donald Trump and his platform being to oppose NAFTA, Hillary Clinton vowing to double capital gains tax and impose a wealth tax in order to restore debt sustainability and wealth disparity.

There’s never been a better time for safe haven assets. Recently, the Wall Street Journal issued a report, that ‘buying gold now could be a lot like buying stocks in 2009. The technical trading pattern suggests gold may be finally breaking out into bull market, that gold remains out of favor in spite of the recent rally, the federal reserve’s ability to raise interest rates is constrained. The
overpriced US dollar has limited room to run and real interest rates are headed lower.’ Bloomberg recently forecasted negative interest rates. Ray Dalio has stated that the radical monetary experiment has failed and that negative interest rates, as has Janet Yelling concurred could be on the table.

Recently it was stated, that gold could go as high as five to eight thousand dollars and ounce on negative interest rates. Keep in mind the Bank of Japan as well as the EU, two of the world’s top four economies already had negative interest rates. Again there has never been a better time for gold and silver.