With gold prices near two-year lows through much of 2013, a bargain-hunting Money Morning TV viewer asked us about how to invest in gold.
The last several months have been tough on gold prices, but gold bugs haven’t lost their insatiable appetite for the yellow metal. With gold officially in a bear market, demand is surging at today’s bargain prices.
The Federal Reserve and other central banks keep printing money. The U.S. stock market is soaring. And gold prices, after a brief recovery, have continued their plunge.
Paper gold, controlled by Wall Street, is going down. But demand for physical gold all over the globe is going up every time that gold prices are down.
Investors should have gained confidence from Ben Bernanke’s recent testimony to Congress that the Federal Reserve intends on being accommodative as long as needed.
Gold investors are just not feeling the love, once again left to wonder why gold prices are going down.
In mid-April, a black swan crash-landed on the gold market.
Over just two trading days, gold futures prices shed 13%, falling from $1,575 to $1,375.
That $200 cliff dive was the largest two-day drop in 33 years.
Gold prices already had been in steady consolidation mode for 18 months. But the magnitude and swiftness of this dramatic move were rare…to the point of suspicion.
How did markets react? Unlike almost anyone expected.
What caused such a landslide, and who may be behind it? More importantly, what are the implications for the precious metals markets moving forward?
The conclusions will surprise you — and help you invest more wisely.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The recent gold price drop caused some major…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The news is great at telling us what’s…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Gold and silver are taking it on the…