How to Trade Gold and Silver Right Now With crisis comes opportunity. I would buy gold at lower levels, especially under $4,000. The case for owning gold over the long term is stronger than ever. The U.S. dollar is going to head back down at some point - there is no other option. The war is adding to our already bloated $39 trillion in debt, and there is no effort being made to lower that number. The rest of the world is looking for a dollar exit as the U.S. is no longer viewed as a predicable partner... but all other currencies with the exception of the Swiss franc are just as bad... if not worse. That leaves gold as the alternative. A couple of months ago I predicted that gold could lose $1,000 per ounce from its highs. It has. I also predicted silver would fall $40 or more overnight. It did. Are you listening to me now? YOUR ACTION PLAN Investors should focus on accumulating gold under $4,000 per ounce, with more buys under $3,000 (should it get there)... and back up the truck if it goes below $2,000. Silver is also a buy under $40 per ounce. But consider it a purely speculative investment that will outpace gold at times on the way up BUT also crash harder on the way down. Invest in gold - speculate in silver. Energy is another sector that's been affected by the current geopolitical situation. Oil prices have been surging, reaching their highest levels since 2022. And there's one tech company that's well-positioned to drive the latest energy demand. As a trader for over 30 years, I've simply never seen a situation this unique… and with this much upside potential. Click here to see what I'm convinced is the "greatest stock story ever told." | Want more content like this? | | |
FUN FACT FRIDAY | Gold and war go way back: During World War II, gold became a strategic power as it was used to pay for weapons and alliances. In fact, the U.S. dollar became backed by gold after the Bretton Woods Agreement. During the Vietnam War, gold exploded after war spending led to inflation. However, in a modern situation like the Ukraine/Russia war in 2022, gold spiked but then became choppy as it competed with a strong dollar and aggressive gold buying. This shows that while war has a history of triggering a gold bull run, sometimes war isn't enough. Gold can actually fall during war… like we're seeing right now. | |
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