Things You Should Know About Cash, And Why You Should Not Sweat Gold Weakness

JH: My name Jack Hanney, Senior Partner with Patriot Gold Group. The Wall Street Journal last week reported seven things you should know about cash. Over the past forty years, since 1976, the purchasing power of one million dollars has declined to about two hundred and thirty six thousand dollars.

This is thanks to the compounding effects of a 3.7 percent inflation. Earlier this week the longer term silver chart is showing a bullish pattern, that if prices see an upside breakout, meaning a push above twenty-one, the price objective breakout would be in the upper twenties in the coming months. On Monday, it was reported don’t sweat the gold and silver weakness in the market. It’s just a new higher range.

There are many reasons investors buy gold, and it’s not just about the U.S. Federal Reserve. Concerns about worldwide economic slowdown, fears about the impact of negative interest rates abroad on the financial system, a desire to move into an investment that can preserve value and wealth, along with the U.S. Presidential election on the horizon are all reasons that you should be investing in gold.