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| This is just another reason to own gold right now. This also part of the reason most countries are stockpiling gold. China, for instance, has gained monetary ascension by hoarding gold. Check this out: http://bit.ly/2bI10aD
00:01 – Audio starts 00:03 – Announcer: “Two trading days in, it’s still way too early to draw any conclusions about what the rest of the month has in store for metals markets. But seasonal factors tend to add upside pressure to the gold market in September.” 00:15 – “In fact, since 1975, it’s produced bigger average monthly gains for gold than any other month. January comes in second. October tends to be third strongest month for gold.” 00:25 – “Meanwhile, odds still favor the Fed punting on interest rate hikes until at least December. Earlier this year, officials had indicated they would raise rates MULTIPLE times in 2016. But then the lackluster economic data and the persistence of negative interest rates abroad came into play.” 00:41 – “The fact that the Fed’s benchmark funds rate is now just a quarter point over zero means if a recession were to hit, the Fed would have few options for stimulus other than to go negative on rates. Something that is being actively discussed as an actual possibility.” 00:57 – “Now here is a special report from Mike Gleason of Money Metals Exchange.” 01:01 – Mike Gleason interviews Michael Pento 06:31 – Gold and silver price charts. Price charts do not reflect live prices. If you would like to see live prices, please visit https://www.moneymetals.com/buy |
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