Saturday Rant…Should You Buy Gold Now?

Now that Gold had its best week since 2020 (closing Friday at a record high of $3,254) most investors are wondering if they should buy gold now.

Well, wonder no further because today’s rant is from a self-proclaimed radical goldbug that goes by the handle Austin Goldmember.

 

So, take it away AG.

Pssst! Isn’t AG the chemical symbol for Silver?

 

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Dear Mr. Vincent James,

I hope you find my rant worthy of your column because I know how much FinancialsMatter likes to report on gold.

And with all the wild activity in gold recently it appears that your comments about gold being a barometer of fear are being proven as we speak.

And I must admit your comments about Bloomberg trying to derail Trump and accusing him of crashing the dollar are so spot on that it gives me great joy.

Because Bloomberg and the rest of the corrupt media never tell you that when there is war on the horizon, capital flees to the dollar AND gold.

This has been proven time after time with every war especially WWI and WWII.

It’s best to be careful here because Gold will not run away to the upside without war.

But now that we are looking down the gun barrel of WW3 (no pun intended) we may be looking at a low in the dollar and that gold has moved into the early stages of a slingshot move.

And, if you’re paying attention, silver’s slingshot move will be even greater than gold…but most people don’t understand the relationship between gold and silver.

Because the real big money will be made in silver while gold continues to make headlines.

And we believe that as gold continues to make headlines, it will draw in more small investors.

One of the problems with that is how small investors create a buying frenzy that does two things: 1) it continues to push the price higher and 2) it allows the institutional buyers to sell into the retail buying.

My point is simple.

Should you buy gold now?

The answer is YES…but do it in steps and not all at once.

Otherwise, you may be the victim of Institutional selloffs which happen when the retail buyer gets in after a 25% move to the upside.

Like Vincent says… “Do the Math.”

It was only 4 months ago that gold was at $2,500.

And it is now 27% higher.

So, Vincent James, my advice for your readers is to read your report from several years ago called Gold…If You Don’t Hold it, You Don’t Own it.

Thank you for letting me rant.

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Mr. Austin Goldmember, we would like to add to that a great big:  “Yeeaaah, Baby.”

 

We definitely like gold especially in times of war and global economic uncertainly.

At the same time, we remain cautious of the Wall Street Traps that like to sucker people in at a high and then pull the rug out from underneath.

So, thanks again AG for your rant.

Also, HERE’s the link to the report on gold AG spoke of.

 

As always, if you – our Dear Readers – have a rant you would like to share then please send it to us.

 

You never know whose life will be affected by it.

 

And if you want to see some NSFW rants then go (HERE).

 

Share this with a friend…especially if they like gold and are thinking of buying some.  They’ll thank YOU later.

 

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Remember:

 

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But we use finance to give you hope.

Support always welcome via the digital tip jar.

 

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