Price Alert: Gold’s Two-Year High Breaks Critical Level

Gold spiked over $1,300 this morning after the Fed backed down on raising interest rates and news surfaced that China’s central bank is dumping US equities. On the year, gold is up 24%. And it’s continuing to move higher:
Other markets are nervous, and rightfully so. The Fed is too afraid to raise U.S. rates by even a fraction of a percent.

The world’s second largest market is even more on edge. Chinese regulators continue pumping liquidity — having sold off 20% of their reserves, and now over $125 billion in US stocks.

Clearly, central planners are running low on options. And so are investors. Stocks are wobbly. Bonds yield next to nothing. But gold is looking brighter and brighter, with higher highs and higher lows confirming an attempt to break the 5-year downtrend.

As Jeff Clark reported last week on GoldSilver, this may be the start of a long bull run on gold:
“Gold is usually more about defense than offense — but with the constant miscalculations by central bankers, the ramifications of which haven’t played out yet, we’re going to make a lot of money on our gold and silver positions over the next couple years.” — Jeff Clark, Senior Precious Metals Analyst, GoldSilver
Big institutional buyers, including hedge funds, have been buying up gold in droves. This may be a great opportunity for you to join them and stock up.

We have a great selection of gold bars and gold coins. Remember, if you see a lower price on any bullion we offer, we’ll match it. You’re guaranteed the best possible price when you shop with us.

The GoldSilver Team