Recent Crises Bolster Case For Physical Gold
Mar 29, 2020
Posted by LCR Coin
Los Angeles CA, September 18 (LCR Coin Inc.) Gold prices have climbed to more than $1,300 an ounce over the past few months as investors seek safe-havens for their hard earned wealth. Increased market volatility and mounting concerns over North Korea are driving the Gold price higher.
The yellow metal hit a one-year high after North Korea launched its first missile over Japan and investors feared WW-III.
"The US says China, North Korea’s closest ally, and Russia should do more to put pressure on Pyongyang. But China doesn’t appear too keen on getting involved while Russia has condemned 'aggressive' US rhetoric." said Fawad Razaqzada, market analyst at Forex.com.
"So, for the time being investors are largely ignoring geopolitical risks stemming from North Korea, for otherwise Gold would be much higher and US indices far from being at record high levels."
But indices are at record levels, dangerously high levels when you consider P/E ratios. Fund managers report hedging activity has increased at its fastest pace in 14-months, according to Bank of America Merrill Lynch.
A survey indicated 73-percent of respondents have taken out protection against a falling stock market over the next three months. The survey was conducted the first week of September among managers with a combined $629 billion in assets under their control.
Now we know that a favorite method of hedging against losses in the stock market is with physical Gold. So when money managers are backing up their investments with physical Gold shouldn't we as well? Of course we should.
Gold is a commodity that makes the perfect diversifier in an investment portfolio. American Gold and Silver Eagle Bullion Coins provide investors a convenient way to include physical Gold in their investment portfolios, and in their retirement accounts.
These Gold and Silver coins have a layer of privacy most other bullion products do not have. And there are no reporting requirements by the buyer when they are sold.
No, North Korea is not the only risk to America or your bank account. The United States suffered one of its most damaging losses just last month, when 143 million Americans had their credit information compromised at Equifax.
Data breaches at the credit-monitoring firm exposed personal information including Social Security numbers. Due to the data breach many investors are considering increasing their allocation to Gold to more than the recommended 10 to 15 percent of holdings.
Keeping a cache of Gold and Silver coins near at hand during this incredibly trying period, may prove to be rewarding. So when you're ready to join the savvy investors who leverage tangible assets to both increase and preserve their wealth call LCR Coin at (800) 830-5578.