Subject: Time for Goldbugs to Admit Defeat?


 

 

Issue #114  

 

Dear Friend,

With the state of economy and the condition of governments worldwide, there’s good reason to be investing in gold within your portfolio. But are you wondering if it’s time to throw in the towel on gold? Join the crowd. Today’s Main Article, by guest contributor Jeff Clark of Casey Research, provides all the facts.

Also in today’s issue . . .

If you’re considering retiring abroad and wondering if you can swing it, today’s Check This Out! is our first choice for information on expat, foreign retirement and affordable, world class destinations. Our Quick Tip is a reminder of one of the most powerful investing concepts.

Today's special Featured Video (Free Webinar): Best Way To Put Physical Gold & Silver In Your IRA

We hope you enjoy today's issue of Restless Boomers!

Cate & Dieter
Restless Boomers

 “The desire of gold is not for gold.
It is for the means of freedom and benefit.”

~Ralph Waldo Emerson

 

 

Time for Goldbugs to Admit Defeat?

By Jeff Clark, Casey Research

Senior Precious Metals Analyst

 

 

 

After a 12-year run, it looks like gold's wave has truly crested, and many bears are arguing that it's all downhill from here. A quick glance at a long-term gold price chart can certainly seem to confirm this impression.

Gold's price has fallen by more than a third since its 2011 high. The downturn exceeds the 2008 waterfall selloff. Many technical analysts are saying that the "damage" on the charts is too great for gold to recover. The rout is so bad, even hardened goldbugs have grown quiet lately.

Is it time for gold investors to admit defeat?

Well, if it were true that "damage" on a chart such as we've seen signals the end of a bull market, perhaps it might be. But is it so? Or is this just a correction?

One of the greatest bull markets in modern times was the Nasdaq in the 1990s. The Nasdaq composite rose a whopping 1,150% over the span of a decade. But did you know it had a major correction in the middle of that run? The same is true of oil's big surge in the mid-2000s. Consider this chart of the big corrections oil and the Nasdaq experienced:  Read more . . .

Check This Out!

Live Better...for Less...in a Tropical Paradise...Today!

Over 30 years ago, a little newsletter sparked a big idea...

You can live better, for less, overseas.

When International Living suggested in that first newsletter that an exotic life in a tropical paradise wasn't just for the rich and famous...that you can do it now for less money than you currently live on...it was a radical idea.

In many ways, it still is. Not because it's difficult (it isn't), or requires lots of money (it doesn't), or hasn't been done before (it has, thousands of times).

The idea of living a happier, more fulfilling, more prosperous life offshore still strikes many people as a radical idea simply because they don't have the whole story.

Like most folks, they rely on the mainstream media to tell them what the world is like. Open the pages of USA Today or turn on CNN and you get the standard fare... death, destruction, mayhem. Bad news is good news for the giant media conglomerates. If it bleeds, it leads.

With input like that, it's a wonder anyone goes outdoors, much less overseas!

Want to know more about what you can really do? Click here for more information.

Quick Tip

It used to be that you could ‘diversify’ your portfolio into a fairly standard range of investment products and expect to increase your hard earned dollars. Stocks, bonds, real estate to name a few.

While the concept of diversification has not changed, the end products into which you place your funds has… dramatically. Solomon wrote in Ecclesiastes 11:2, “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth”.

So just where do we place our trust to invest? Unless you are fortunate enough to have sufficient funds for your retirement (and who knows really just how much that will be), you must devise a strategy to increase your capital at more than today’s bank rate offerings.

While this new ‘misfortune’ environment is scary to say the least there are investments that provide more safety than others. Don’t be afraid to investigate new investments and remember to diversify.

 

Sponsor . . .

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Featured Video:

 

Best Way To Put Physical Gold & Silver In Your IRA

 

Related Articles:

Staying in the Game – Street Smarts

Hidden Gold & Silver Taxes

Retiring Abroad – Considerations Before You Go

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