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We're witnessing history in the making!
Gold has just shattered its own record, passing over $2,580 per ounce on Friday. This gold rush is being propelled skyward by mounting expectations of a Federal Reserve rate cut at next week's crucial meeting.
In a world fraught with economic question marks, rising global tensions, and political drama, gold is not just flexing its muscles as the go-to safe haven – it's leading the charge. With an impressive 25% gain this year, gold is outpacing many major asset classes, proving once again why it's the cornerstone of smart investing.
Your decision to invest in gold has never looked better. As we eagerly await the Fed's next move, the case for gold grows stronger by the day.
Which U.S. President signed the Coinage Act of 1873, which demonetized silver and put the United States on a de facto gold standard?
Abraham Lincoln
Ulysses S. Grant
Grover Cleveland
William McKinley
Reply with the correct answer and you could win one free ounce of silver! (Some conditions apply, see details below).
Gold Price Breaks Past $2,500
After a quiet summer, gold has broken free from its $2,300-$2,450 range, shattering the $2,500 barrier while building momentum.
Since August, we've witnessed a roughly 6% increase, with new records set almost daily. The yellow metal's performance has been notably strong:
Friday, September 13, 2024: New all-time high of over $2,580/oz
2024 year-to-date gain: Over +25%
Since 2020: Roughly +67% increase
Gold's ascent is grabbing headlines, but silver could be the next metal to watch.
Make the Most of the Gold Bull Market
✨ Enjoy exceptional prices on our premium bullion selection.
🥇 Browse our collection of top-quality coins and bars
While gold reaches new highs and basks in the limelight, silver has been quietly building potential. Up 31.5% year-to-date, silver has actually outperformed gold in 2024.
However, it's still trading within its summer range of $27.00 to $32.00.
Silver's price chart reveals a classic consolidation pattern, suggesting pent-up market energy. This phase of consolidation, often likened to a coiled spring, often serves as a precursor to a major price movement.
With key economic events looming, particularly the Fed's interest rate decision, silver’s price appears poised for a potentially explosive upward move.
Silver September: Diversify Your Precious Metals Portfolio
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Silver's market dynamics offer unique opportunities for investors. With a market size significantly smaller than gold's, silver tends to be more sensitive to supply and demand shifts. This translates to higher gains during bull markets:
From 2008 to 2011, gold gained 166%, but silver skyrocketed by 448%.
While gold surged by an incredible 2,328% in the 1970s bull market, silver's price soared even higher, climbing by as much as 4,000%.
If you're interested in learning more about silver's remarkable performance during the 1970s bull market, I highly recommend checking out Mike Maloney's insightful video below. He provides some great historical context about what many consider the greatest metals bull market in history.
By diversifying your precious metals holdings with silver, you're positioning yourself to potentially capture even greater returns as this bull market unfolds.
Remember, while silver's volatility can lead to higher gains, it also comes with increased risk. As always, it's crucial to align your investment strategy with your personal financial goals and risk tolerance.
With interest rates very likely being lowered next week, now could be the perfect time to increase your gold or silver holdings – before prices potentially react to the news.
Congratulations to last week’s winner, Eric K. The correct answer to last week’s trivia question was C. 1971.
The United States abandoned the gold standard in 1971, a decision known as the "Nixon Shock." On August 15, 1971, President Richard Nixon announced that the U.S. would no longer convert dollars to gold at a fixed value, effectively ending the Bretton Woods system of fixed exchange rates. The abandonment of the gold standard marked a significant shift in global monetary policy, leading to the era of endless fiat currency and floating exchange rates that continues to this day.
Now, back to this week’s trivia question... Which U.S. President signed the Coinage Act of 1873, which demonetized silver and put the United States on a de facto gold standard?
Abraham Lincoln
Ulysses S. Grant
Grover Cleveland
William McKinley
Think you know the correct answer?
Reply to this email with your guess. All readers who respond with the correct answer will be entered into a pool, from which one first-time winner will be randomly selected. The lucky winner will receive 1 oz. of silver added to their InstaVault account. This offer is our way of rewarding our attentive readers and introducing you to the benefits of secure precious metals storage with GoldSilver.
To participate, simply reply to this email with your answer. If you're selected as the winner, we'll contact you about setting up your InstaVault account. Once your account is open and active, we'll add 1 oz. InstaVault silver to your holdings. Good luck!
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