Gold is finishing
the week in positive territory. It is
trading up $6 shortly after the open.
Silver is up $.34. Both of the
metals trading in positive territory in spite of the fact that the dollar is up
20 basis points at 75.30. Oil reached a
high of $81.78 overnight, but it is currently down $.38 at $81.81 a barrel. One analyst told Bloomberg Wire Service that
he sees oil moving back up to $100 a barrel due to dollar weakness. A weak trending dollar is also the key
factor pushing gold upward.
Yesterday's USA
Today newspaper ran a cover story entitled "Weak Dollar Raises Talk Of
Alternative World Currency". When I
first started discussing the movement towards an alternative reserve currency
to replace the dollar, some may have disbelieved those news reports. However, now it is mainstream to believe
that the dollar will continue to weaken and may very well be replaced by a new
global currency. Investors need to take
action to protect themselves. If the
dollar is replaced it would most assuredly have a significant impact on the
value of your accumulated savings.
Therefore, you should protect your accumulated savings by hedging
against the inflation that would result from a falling dollar. Gold serves that purpose quite well, as does
silver.
Fed Chairman
Bernanke said today that he continues to believe that the financial turmoil is
abating. He recommended that congress
pass laws to require the financial system to pay the cost of the failures. He also said the financial firms should be
prohibited from telling people that stocks are the best asset for planning
long-term retirement and other long-term goals. They should be required to stop saying things like "stocks always
go up". Also he said that the American
people need to be better informed about what investments are. In the discussion he indicated that they are
aware that the American people are ill informed about the investments that they
put their money into.
In my opinion,
there is a lot of misinformation in the financial markets. One of the factors that is very important is
in order to be properly diversified, you cannot have all of your money in
stocks. There must be a proper and
suitable allocation among equities, income producing assets, and inflation
protection assets, such as gold and silver.
The Dow Jones Wire Service said: "In his remarks Friday, Bernanke also
lamented the state of financial sophistication in the general public, saying
too many households "don't understand the basics"."
Those who do not
have a proper diversification should consider acquiring gold and silver at this
time by calling Goldline at 1-877-341-2646.
Be sure you ask for the free information package, which you will find
helpful and informative. Also, ask for
a free copy of the GFMS 2009 Gold Survey Update. That is a book that is worth $450 and you can have it for free
simply by asking for it. Call Goldline
at 1-877-341-2646.
Investors should
ask Goldline to explain the features, benefits and cost structure of the
various gold and silver investments that are available to you. Select those that best meet your own
personal and individual investing needs and objectives. Investors looking for low transaction costs
may wish to consider bullion assets such as American Eagles,
Krugerrands, Canadian Maple Leafs, Silver Bags or Silver Bars. However, the Price Guarantee Program is not
available with these assets.
If you would like to
take advantage of the Price Guarantee Program, which provides you with a
two-week window of opportunity in which to re-price your order in the event of
a correction, you must select assets with some collectible value such as 20
Francs, Double Eagles and Silver Dollars.
Call Goldline at 1-877-341-2646 for further information on the Price
Guarantee Program.
To receive the free
information package on gold investing call Goldline at 1-877-341-2646. You will
also receive the Client Account Agreement, a company brochure and a Coin Facts
Risk Disclosure Booklet, read these carefully before you make an
investment. Call Goldline at
1-877-341-2646 now to receive your free gold investment package.
You should carefully read Goldline's Account and Storage Agreement and our risk disclosure
booklet, Coin Facts for Investors and Collectors to Consider. These provide important
information that you should consider before investing in precious metals. Goldline's spread,
which is the difference between the price we sell our products and the price we buy them back,
generally ranges between 5% to 20% on our most common bullion products and 30% to 35% on all
other products including our popular semi-numismatic coins such as the European francs, proof
coins and graded coins. The market must go up enough to overcome this spread before an actual
profit is achieved. All markets go up and down. Past performance does not guarantee future
results. Coins are a long-term, three- to five-year, preferably five- to ten-year investment. We
believe precious metals are suitable for 5% to 20% of the average portfolio though others may
recommend a different percentage. Please see Goldline's risk disclosure materials for additional
information.
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