LABOR DAY SPECIAL – ONE DAY ONLY!

Release Date:  Saturday, August 31, 2019
LABOR DAY SPECIAL – ONE DAY ONLY!

On Tuesday September 3rd only, during regular business hours, buy one of Goldline's Exclusive 1881 4-Pack of $5.00 Liberty coins and receive, at no additional cost, one of Goldline's Exclusive 1/10th oz Gold Coral Sea coins with EVERY 1881 4-Pack you acquire.  *You must call before close of business on Tuesday September 3rd, 2019 to be eligible for this offer.


Call Goldline now at 800-963-9798
METALS MARKET UPDATE – WHAT YOU NEED TO KNOW
  • Gold prices end the month with higher prices.
  • Gold has now seen four consecutive months of gains.
  • U.S.-China trade war, fears of global economic slowdown continue to drive gold prices as investors seek protection with a safe haven asset.
  • Silver enjoyed it biggest monthly percentage rise since June 2016.


("Gold eases, but still heading for fourth monthly gain," CNBC, 8/30/19.)

METALS NEWS – BANKS BULLISH ON GOLD; SILVER JOINS GOLD'S BULL MARKET

Financial institutions throughout the world see a bright future for gold. Meanwhile, silver prices have risen to two-year highs as investors acquire both gold and silver on safe haven buying.  

  • Two major international banks are telling investors that the gold bull market will continue. Swiss banker UBS Group AG has forecast gold prices to rise to $1,650 per ounce over the next 12 months. Citigroup, Inc. also sees higher prices based upon a key ratio between gold and the S&P. "It is only a matter of time before a significant bullish break occurs that could trigger a rally to the tune of 25% in favor of gold." https://www.newsmax.com/finance/markets/citi-gold-price/2019/08/29/id/930538/
  • Jim Bianco, President of Bianco Research, sees the global economy falling into recession with the only bright spot being higher gold prices. "Today, gold is the high yielding alternative in a world with negative interest rates. As long as we don't see a bottom in the global economy, no immediate resolution to trade, and the Fed doesn't get aggressive, I could see the gold price hitting $1700 or $1800 in the fourth quarter and maybe even making a run at the all-time high of $1900 before the end of the year." https://www.zerohedge.com/news/2019-08-29/bianco-warns-negative-rates-are-extremely-toxic-sees-gold-record-highs-year-end
  • MarketWatch reported that gold was on track for its fourth month of consecutive gains while silver prices outpaced even gold's impressive rise on a percentage basis.  ""Silver is always known as a laggard to gold, and now you are seeing people getting into silver, and believing it's a bull market…' With a growing universe of negative interest rates, central banks debasing paper currencies, central banks accumulating gold, slowing global growth and trade war uncertainty, "gold has become [a] logical safe harbor for institutional investors," said Michael Armbruster, managing partner at Altavest." https://www.marketwatch.com/story/silver-rally-is-stealing-the-show-even-as-gold-surges-to-6-year-high-2019-08-29?mod=commodities
  • Australia and New Zealand Banking Group (ANZ) believes the central bank gold buying spree will continue for the coming years fueling higher prices. "Increased central banks' gold purchases have been one of the key factors supporting higher gold prices … Gold is a strategic asset, from a risk-adjusted returns perspective, so amid heightened economic and geopolitical risk, we see it benefitting from its safe-haven status. The macro backdrop is turning in its favor with easing monetary conditions and heightened risks…'" https://www.kitco.com/news/2019-08-29/Central-banks-love-affair-with-gold-continues-as-currency-wars-threaten-outlook-ANZ.html
  • A Fox Business report explained that gold is an important hedge against currency manipulation. "Gold has soared in recent weeks, and it showing no signs of letting up anytime soon… 'I think gold is a very good hedge against currency manipulation,'  Jeff Sica, Founder, President and Chief Investment Officer of Circle Squared Alternative Investments said.. 'The more the governments mess up, the more gold becomes attractive to me. I do not trust governments and the way they handle currency.'"  https://www.foxbusiness.com/markets/gold-price-soaring-currency-manipulation-hedge
ECONOMIC NEWS – CONSUMER SENTIMENT SEES LARGEST DECLINE IN NINE YEARS; FEARS OF GLOBAL RECESSION GROW

U.S. consumers are more fearful about the economy as the U.S.-China trade war continues unabated and recession signals flash brighter.

  • The Economist reported that portions of the United States may already be in recession. "Since last November General Motors has cut several thousand factory jobs at plants across the Midwest. In early August US Steel said it would lay off 200 workers in Michigan. Sales of camper vans dropped by 23% in the 12 months ending in July, threatening the livelihoods of thousands of workers in Indiana, where many are made. Factory workers are not the only ones on edge. Lowes, a retailer, recently said it would slash thousands of jobs. Halliburton, an oil-services firm, is cutting too."  https://www.economist.com/united-states/2019/08/29/parts-of-america-may-already-be-facing-recession
  • China's economic growth has slowed to its lowest rate in more than a quarter century. "The trade war and China's economic slowdown has already hit some of the world's biggest businesses… Global auto brands are also suffering as the world's largest car market slows further this year, following its first contraction in decades in 2018." https://www.cnn.com/2019/07/15/economy/china-gdp-growth/index.html