Imagine turning R5,000 into R9,412
in as little as 8 days.
Now, imagine doing that 10 times a year... while at the same time putting a steady stream of double-digit profits in your pocket... gains like 29.93% in 32 days… 45.61% in 52 days... and 20.37% in 9 days.
Gold Catalyst #1 - Global tensions are rising
Gold always does well when there’s tension, war or crises… Right now there’s plenty of that going around.
The Hong Kong Airport was shut down by protesters this week.
Iran hijacked a British freight ship as well as an Iraqi oil tanker in retaliation for the British arresting one of its oil tankers illegally transporting oil to Syria.
Then there’s the US/China Trade War.
The U.S.-China trade war has entered stage two this summer as U.S. President Donald Trump announced a 10% tariff on the remaining $300 billion worth of Chinese imports starting September 1.
Simply put – all of this leads to uncertainty. And that leads to a growing gold price.
Gold Catalyst #2 – Lower interest rates
Gold flies when interest rates are low, and falling.
Interest rates have been rising for some time. But last month saw the US drop interest rates for the first time in years amidst worries of an economic slowdown.
This drives investors to rather put their money in gold than in bonds.
Denmark for instance is currently offering NEGATIVE interest rates. That means you get PAID to BORROW money…
Swiss banks are actually thinking of charging negative interest rates on cash deposits in accounts. That means instead of receiving interest you will pay the bank interest on your OWN money in your account.
This is what drives investors to put their cash in gold when interest rates (in the US and Europe) drop down towards negative territory.
Gold Catalyst #3 – Worldwide drive towards de-dollarization
Government’s around the world are becoming increasingly wary of the dollar’s control of international trade.
And they’re doing their best to distance themselves from it by using their gold reserves to buy more gold instead.
This process is already underway mainly in nations with strong anti-U.S. sentiment including Russia, China, Iran, Venezuela, Syria, Turkey, Qatar, India, Pakistan, Libya, Egypt and the Philippines among others.
Naturally, these countries are turning to gold since the yellow metal is not under lock-and-key like the greenback and other electronic payment methods.
This trend is abundantly clear when you look at central banks’ buying activity.
According to the World Gold Council, central banks purchased nearly 70 percent more gold during the first quarter of the year than they did during the previous year’s corresponding period.
That’s the most they bought since the first quarter of 2013.
“If you want to make a killing from cryptocurrencies – read this book as FAST as you bloody can!”
I’d like to rush you a copy of my book, Crypto Revolution, right away.
Inside you will find everything you need to understand this financial revolution…
And take maximum – potentially life-changing – advantage of it.
Including the name of the coin I am calling “The Bitcoin Killer”…
A cryptocurrency that could ultimately climb 20,000% from where it sits today.
Gold will retest its $1,900 all-time high
According to David Sneddon, Technical Analyst at Credit Suisse: Given the fact that gold has formed a strong base at its current price level for six years the bank “suspect we could even see a retest of the $1,921 record high”.
Morgan Stanley’s commodity strategist Susan Bates said gold is the firm’s No. 1 commodity pick.
“Morgan Stanley’s forecasts of falling real rates and a bearish US dollar outlook, against an uncertain macroeconomic outlook, should lend significant upside to gold’s price through 2H19 and into 1H20,” Bates said in a note Monday.
If gold hits $1,900 that would signal a rand gold price of around R936,000/kg compared to today’s R750,000/kg. Gold miners like Pan African Resources and DRD Gold stand to make a fortune if this happens… And the SA economy would most certainly benefit immensely.
Here’s to unleashing real value,
Editor, Red Hot Penny Shares