40% Gold Profits Ahead
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The gold market is heating up!
Two months ago, gold was trading near $1,280 per ounce. Today, the precious metal has surged to $1,460.
That’s good for a 14% return over the course of just a few weeks!
The surge in gold has come largely as a response to a shift in the Fed’s interest rate policy.
For years, the Fed has been slowly raising interest rates to protect against inflation as our economy has grown. The only problem is that inflation has continued to be very tame.
Meanwhile, a few economic reports have led some investors to worry about a possible economic slowdown on the horizon.
In an effort to ensure that the U.S. economy continues to grow amongst these economic concerns, Fed members reversed policy and cut interest rates just a few days ago.
Now, interest rates on everything from mortgages to car loans have been declining.
With lower interest rates, the value of the U.S. dollar has weakened. (Since institutional investors don’t want to hold onto dollars if they’re not getting paid much interest, the value of the U.S dollar has weakened.)
This has naturally led to a surge in the price of precious metals like gold and silver.
But today I want to make something very clear — the surge in gold and silver is just getting started…
How Your Retirement Account Can Profit from the Next Gold Rush
The last time the Fed was in the process of cutting interest rates, the price for an ounce of gold surged to roughly $2,000 per ounce.
That’s more than 40% above the current level of gold. And thanks to inflation, this time around we could see gold trade even higher!
Thankfully, you can use the current surge in gold to add to your retirement wealth thanks to some convenient funds that trade in lockstep with the market price for precious metals like gold and silver.
To start with, the SPDR Gold Trust (GLD) is a fund that you can buy in your retirement account just like you can buy shares of stock. And since GLD is tied directly to the market price for gold, a 40% increase in the price of gold will naturally cause shares of GLD to move 40% higher as well.
This is a great way to use your retirement account to profit from a rise in gold, without having to actually handle ounces of gold. After all, if you buy physical gold, you have to pay for shipping, a safe or safety deposit box, and it’s often difficult to sell physical gold for a reasonable price in a short amount of time.
Some investors are more excited about silver because it has industrial uses in addition to being a precious metal. So demand for silver can drive the price higher when the economy grows, and also when investors are storing silver to protect their wealth.
The iShares Silver Trust (SLV) is another precious metal fund that specifically tracks the price of silver.
Just over the last few days, SLV has moved from $14.20 to $16.48, giving investors a 16% boost to their wealth!
And if precious metals continue to increase in value, SLV could have a lot farther to go. The last time the Fed cut interest rates, shares of SLV surged to $48.35 which is about 193% above its current value.
When it comes to making your nest egg last through your entire retirement, it’s important to protect your wealth against inflation and the potential for a falling dollar. Investing in gold and silver is a great way to do this, especially in today’s market with both precious metals surging higher.
Remember, we’re still in the early stages of this move, as more rate cuts are squarely on the table.
So if you’re looking to get in on this “gold rush,” don’t wait until it’s too late. Use some of your funds to invest in gold and silver now, before prices move any higher!
Now let’s move to the 5 “Must Knows” for Monday, August 5th…
5 “Must Knows” for Monday, August 5th
Earnings on Deck — We’ve got another big week of earnings on deck. Today after the closing bell, Take-Two Interactive, Avis Budget Group, Shake Shack and Marriott report earnings.
On Tuesday, Chesapeake Energy, The Walt Disney Company, Wynn Resorts, Discovery Inc., GW Pharma, Blue Apron, Regeneron, Planet Fitness, Allergan and Match Group report earnings.
On Wednesday, CVS Health, Roku, Teva, Booking Holdings, Lyft, CenturyLink, Wendy’s, Skyworks and Energy Transfer Co. report earnings.
On Thursday, Cronos Group, Kraft Heinz, Uber, Activision Blizzard, AMC Entertainment, Dropbox, Overstock, Norwegian Cruise Line, Keurig Dr. Pepper and CBS report earnings.
And wrapping up the week on Friday, U.S. Concrete and Hospitality Properties Trust report earnings.
Here’s What I’ll Be Watching — With so many high-profile companies reporting, there are bound to be insights into not only these individual companies, but the economy as a whole. Here’s what I’ll be watching.
Consumer confidence is reported to be high, but are consumers really spending? To find out, I’ll be watching earnings reports from Disney, Wynn Resorts and Booking Holdings.
Uber and Lyft report earnings this week after their highly anticipated IPOs. Can the stocks finally break out of their tight trading ranges? And is Lyft finally gaining on “goliath” Uber?
Also, earnings reports from two up-and-coming industries (Marijuana and Cryptocurrencies) get announced on Thursday when Cronos Group and Overstock report. Let’s see how their businesses are performing now that a lot of the hype has died down.
Trade War Fears Rock Market — Our stock market opened sharply lower this morning as trade war fears continued to spook investors. In case you missed it, on Thursday, Trump announced another round of tariffs on $300 billion in Chinese goods. And in response, China devalued its currency, making Chinese goods more attractive to foreign buyers.
This is a topic we’ll continue to follow. But for now, know that if the tariffs are put in place, the risks of a U.S. recession rise, particularly if businesses step back from investment and possibly even hiring.
Equifax Settlement Update — Last week, we talked about how you can claim $125 after the Equifax hack settlement was announced. Today, it looks like victims will receive a lot less due to the number of signups. In response, victims who have already signed up will have the opportunity to change their selection and opt for free credit monitoring instead. Look for an email in the coming weeks.
Global Riots — On Saturday, Hong Kong protesters and police officers clashed again and resulted in more than 20 arrests. A general strike scheduled for Monday could be even more disruptive.
And then in Moscow, thousands of riot police officers flooded the city to curb planned protests calling for fair elections. The protests came as the Russian authorities announced they had opened a criminal investigation into an anti-corruption organization.
That’s all from me today. I hope you have a great week!
Here’s to growing and protecting your wealth!