Is This Gold’s Big Breakout?

Is This Gold’s Big Breakout?

So over the last week we’ve actually seen
gold jump over $1,300 an ounce for the first time since the middle of 2018. There’s a lot of things that are sending the
price of gold up, but the biggest one that most people are paying the most amount of
attention to right now, if you’re watching the news, is the fact that we have several
countries all around the world that are dumping US dollars in exchange for gold. Russia has been offering this exact scenario
to just about every country who holds US dollars for global trade. They’re now offering up physical gold in exchange
for US dollars. So what does that mean? Well, essentially what that means is that
the rest of the world is losing their confidence in the US dollar itself. It used to be backed by gold. Now it’s backed by government promises and
quite frankly a government that’s $22,000,000,000,000 in debt. So there’s a lot of countries that are trying
to minimize their exposure to the United States right now because many experts believe that
the reign as the world reserve currency for the US dollar is coming to an end very, very
quickly. So with that being said, gold is one of the
best sources of protection and the best safe haven asset that you can acquire, not just
as a country that’s trying to preserve their currency, but also as an investor or a consumer
who’s trying to protect their savings from the downside on the dollar. So there’s a lot of really good information
out there that you can get, but if you’d like, you can also get US Money Reserve’s latest
report, “The 2019 Global Gold Forecast.” This will touch on a lot of different topics
that are causing the prices of gold to rise, and it will also allow you to keep yourself
up to date with what’s happening going into this next year. Call the number on your screen or click on
the link below to pick up your copy. If you’re watching from YouTube, please subscribe
to our channel, that way you don’t miss a single episode, and as always, thank you for
watching US Money Reserve’s, “Market Insights”.

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