Precious Metals Surge on Fears of Global Uncertainties
As stock market carnage continues around the world, precious metals are absolutely soaring in value. Just in the past 30 days alone, gold has risen over $165 per ounce, setting a 12 month high this morning at $1,255. Silver has followed suit, rising over 14% so far this year.
 To make matters even worse, several countries around the world like Sweden and Japan have resorted to negative interest rate policies, forcing depositors to pay banks to hold their money. While this sounds unbelievable, many have begun to fear that the United States may not be far behind. These developments have investors around the globe extremely concerned, hence the current rush to precious metals.
Here are a few things to keep in mind:
- Even after the $60 move this morning, gold could rise another 50% and not hit its all time high of $1,900 set in 2011.
- Silver looks extremely attractive at current levels offering 200% upside to its all-time high of $48 set in 2011.
- Platinum appears very under-priced as well. It is estimated to be 20 times rarer than gold yet is trading for nearly $300 less per ounce!
There is a distinct possibility of an absolute price explosion in precious metals. The global debt situation is not going away and with the upcoming election, turbulent global markets, and extreme uncertainty, it appears that tides have turned for precious metals markets.
Looking to add to your holdings? Here are three popular products to take advantage of current prices. Be sure to call for larger deals and the best prices available.
Swiss 20 Franc Gold Coins
2016 American Eagle Silver Dollars
Various Platinum Bars - 1 Ounce
As always, thank you for your business. Looking for up to the minute information? Click Here to Request our 2016 Precious Metals Portfolio Package.
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