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Gold Just Hit ANOTHER All-Time High…Here’s Why
Gold just hit ANOTHER all-time high…
As of press time for this article, Gold sits at $2,657.05:
Gold recently hit yet another all time high, adding even greater profits to many of the world’s largest gold miners. Additionally, many countries are benefiting from the recent surge in gold’s value, and in our latest video we document the world’s top 12 gold producing nations.… pic.twitter.com/89VDCAyWHs
— Pinnacle Digest (@pinnacledigest) September 24, 2024
In fact, it’s been doing new highs all week…
Here was just two days ago:
Gold all time high pic.twitter.com/6ERgQBogGA
— Weaponized News (@WeaponizedNews) September 23, 2024
“Get the HECK out of the dollar:
NEW ALL TIME HIGH This is called a trend line boys and girls. It DOESN’T mean you need to get into gold. It means you need to get the HECK out of the dollar. pic.twitter.com/MRcWqls3e0
— AnAmerican Homestead (@HomesteadAmeric) September 23, 2024
It’s not just Gold, it’s also Bitcoin starting to run vertical…
From CryptoBriefing:
Bitcoin is aiming for a new all-time high as gold reaches its own record today, up 28% in 2024 and on track for its best year since 1979. While the US Federal Reserve continues to push for a “soft landing,” gold’s surge may be signaling a different outlook for the economy.
Following the Fed’s recent interest rate cut of 0.5% on Sept. 18, gold surged to a record $2,648 per ounce today, driven by the weakening US dollar and rising global geopolitical tensions.
As the US Dollar Index ($DXY) weakens and rate cuts take hold, the tumbling dollar has made gold more attractive to foreign investors. These conditions mirror those of the 2008 Financial Crisis, with gold surging as a safe haven amid growing economic uncertainty.
Gold’s climb reflects investor concerns, with many seeking safe havens amid growing economic uncertainty. With the US government’s spending at 43% of GDP—matching levels seen during the 2008 crisis—gold has become a hedge against inflation and instability.
The geopolitical landscape, with ongoing conflicts in Ukraine, Israel, and the upcoming US presidential election, has further fueled demand for gold. Central banks, notably, have tripled their gold purchases since the start of the Ukraine war, as noted in a Goldman Sachs report predicting that gold could hit $2,700 by early 2025.
Meanwhile, Bitcoin, often dubbed “digital gold,” has also experienced a significant rally, rising 6% since the Fed’s rate decision and 7% in September alone—historically Bitcoin’s worst-performing month.
Crypto analysts predict that Bitcoin could follow gold’s lead, with some forecasting a potential all-time high for Bitcoin before the end of 2024, positioning both assets as key inflation hedges in uncertain times.
This rally in both gold and Bitcoin is occurring at a time when Treasury Secretary Janet Yellen and Fed Chair Jerome Powell continue to express confidence in achieving a “soft landing.” Gold’s meteoric rise, alongside Bitcoin’s surge, reflects growing skepticism in the market about the Fed’s ability to stabilize the economy, signaling that this is far from a “soft landing.”
CBS News even ran this headline:
Gold’s price surges past $2,600. Here’s why you should invest now.
Gold prices are making headlines yet again this week after breaking through the $2,600 per ounce barrier — marking a new all-time high for the precious metal. This latest price milestone is another chapter in gold’s impressive rally, which has led the precious metal to consistently outperform expectations since the start of the year.
Gold’s price has hit a handful of new highs so far in 2024 — the first of which occurred in March, when gold prices climbed to $2,160 per troy ounce, up 8% from a record high of $2,135 in December 2023. Gold’s price continued to increase from there, and it surpassed that record just one month later. The price of gold then hit new highs in May, August and again in mid-September.
This latest price surge reaffirms gold’s status as a sought-after asset and positions it as an attractive option for those who want to earn quick returns on this traditionally long-term investment. But with the price of gold sitting at yet another record high, is it too late to join the gold rush?
Why you should invest in gold now
There are a few reasons why gold might be a wise addition to your investment portfolio, even at today’s elevated prices:
There are lingering economic uncertainties
In times of economic uncertainty, gold tends to shine, as it has a long history of maintaining value during turbulent periods. And, right now, several economic uncertainties are looming, including ongoing geopolitical tensions and lingering inflationary concerns, which could make it worth adding this safe-haven asset to your portfolio.
By investing in gold now, you’re essentially buying insurance against future economic downturns. That’s because gold acts as a portfolio diversifier, helping to mitigate overall risk during uncertain times. So if global tensions escalate or economic conditions worsen, gold prices are likely to rise further, potentially offering significant returns on your investment.
Central banks are buying in
There is also strong demand for gold from central banks across the globe right now. As more central banks increase their gold reserves to diversify away from traditional currencies, it helps to provide a solid foundation for sustained gold prices — and an opportunity for investors to capitalize on future price growth.
The trend of central bank buying is likely to continue, which would provide ongoing support for gold prices for at least the near future. So while the price of gold is high currently, you may still want to buy in. It’s likely that central bank demand will keep the price elevated for now, which could pay off with substantial returns on your investment.
Wow, that sounds EXACTLY like everything I’ve been telling you for the last year!
Also this:
Andy Shectman: “No one wants to sell their Gold or Silver at these make-believe prices”
Now the big question....
Is it too late to get in?
Here's my take:
No, It’s Not Too Late To Get Gold (With No Money Out of Pocket)….But It Soon Will Be!
No, It's Not Too Late To Get Gold (With No Money Out of Pocket)....But It Soon Will Be!
Is this it?
Is this finally it?
Did I wait too long?
Did I miss out?
Those are the essence of the messages I received today.
But I wanted to share what I wrote back to a good friend (Mark) who texted me today and asked "Is the market finally crumbling?"
I wrote back the following:
I stand by that 100%.
There is almost ZERO history of a stock market crash ever happening in the summer.
Just doesn't happen, don't ask me why.
But they DO happen in the fall and winter.
Almost every time.
And I do believe one of the final cards they can play against President Trump if he wins (other than assassination, which failed) is crashing the economy on him.
Make it so bad and keep him so distracted by a crash BIGGER than the Great Depression that he can't do anything else!
That makes a lot of sense, doesn't it?
I think it's exactly what they're gonna do.
So was today the start of the crash?
No, I don't think so.
I think it was just a little blip....a test balloon.....a warning signal.
Just a baby little blip on the radar!
The big one will come later, and it will make today look like child's play.
That's my take.
So are you too late to take action?
Too late to prepare?
Too late to apply some defense?
No, I don't think so...but I think time is quickly running out.
It's why I have been preaching so much about Gold and Silver and why I'll continue to do so.
Simply put: GET YOUR MONEY OUT OF THE BANKS!
And out of the (trash) US Dollar!
Got Gold?
Got Silver?
The really cool thing is you might be able to get a TON of it for no money out of pocket.
Yes, really.
You see, if you have a retirement account, there's a good chance you can shift a portion of that from risky stocks and bonds into Gold and Silver (Precious Metals)!
I'm not a financial advisor, so I can't tell you what's right for you, but if you think you can't "afford" to get Gold right now, you might be absolutely wrong!
In fact, it's might be "Free".
Keep reading for details:
GET YOUR MONEY OUT OF THE BANKS!
I'm going to give you one big disclaimer upfront: I am not a financial advisor and I can't give you personalized financial advice. We square on that? Ok good.
But I am a reporter and what I see happening with the banking system scares me a lot.
The first thing that scares me about keeping dollars in a bank account is how they lose value year over year.
You know that right?
Think you're being smart and "saving up"?
You're literally losing money every year to inflation.
This perfectly sums it up:
This. pic.twitter.com/rvvuoYvE8i
— Declaration of Memes (@LibertyCappy) July 29, 2024
Yes, if you simply left $1 million in cash in the bank since 1913, do you know what it would be worth?
$40,000.
Your $1 million from 1913 would have the purchasing power in 2024 of $40,000.
Ouch!
But that's not even what scares me the most....
What scares me is another round of bank closures like we had last year.
Here's what's happening in China right now:
BREAKING: 40 Chinese Banks Just Crashed and Vanished — “Worse Than 1980 S&L Crisis!”
Yes, that's real.
And yes, I believe it comes here next.
But even if your bank is open, can you get the money out?
Have you ever tried?
Sure you have to leave some money in there, but you don't want big amounts of money sitting in bank accounts.
Because you might never be able to get it out!
Go ahead, test me out on this...even right now in good times (before a full-blown banking crisis hits America) go to your bank right now and try and withdraw $10,000. They will look at you with panicked looks on their face. I guarantee it. Then they'll go get their supervisor. The supervisor will come over and tell you they can't do that today. Come back in 2-3 days. And then they'll start the interrogation. "What do you need this money for?" "Where is this money going?" Only after you answer all their questions, wait 2-3 days, fill out a bunch of paperwork, only then will you MAYBE be allowed to take YOUR money out of YOUR account.
I guarantee that's how it will go for you....
Test me out!
Go try it and report back below in the comments.
So now the big question: Ok, what can YOU do about it?
How do you prepare?
How do you make sure you and your family are not at risk when the banking crisis hits America (which I believe it will, very soon).
The answer is you do exactly what I've been preaching about for over a year now....get your money OUT of the banks! (Not personalized financial advice, just common sense from where I sit). That's Step #1.
Hold firm, be determined, play their stupid games, and get your money out of the banks!
Because while YOU view it as your money in your bank account, that's not how the bank views it. The bank views it as their money. And the dirty little secret is they LENT OUT your money to other people already. Sometimes 9-10 times over! It's true, I'll do a separate report soon on that explaining "fractional reserve banking".
But Step #2 is the most critical....you don't want to just get your money out of the banks, you want to get it out of the US Dollar.
The most basic and traditional financial wisdom has always viewed Precious Metals (Gold and Silver) as the safest places to have your money when a crisis hits.
So while I can't give you personalized financial advice, I can tell you a couple things: (1) the Big Central Banks have all been buying Gold and Silver hand over fist for the last couple years. Gee, I wonder why? And (2) Gold and Silver have stood the test of time back to the Bible times as being the best store of wealth to weather out a storm in the economy. Period.
And now Step #3 is where I'm going to make sure I don't leave you hanging.
I have two killer connections for you...
Two companies that I trust for getting the best deals on Gold and Silver. PHYSICAL Gold and Silver, the real stuff. Not some phony symbol traded on some stock exchange that may or may not have actual Gold and Silver backing it up. You want the real stuff.
And because I love the free market and competition, I have two great companies to recommend to you. You can talk to both, see who you like better, and then take action!
The first is WLT Precious Metals ran by my friend Ira Bershatsky.
I have personally sent family members to Ira for 5-figure purchases of Gold and Silver and he treated them like royalty. They were very pleased.
That's how much I trust Ira.
I didn't tell him I was sending them over either (and these particular family members have a different last name) so I did it as a bit of a "secret shopper" test and Ira passed with flying colors.
Of course I knew he would.
That's why I work with him and that's why I have confidence telling you about him.
Ira can handle bulk purchases of bullion, coins, whatever you want.
All custom ordered and shipped right to your door.
A lot of people love Bullion because its the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.
The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you'll know you're in the right place.
You'll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.
How about that!
You don't see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:
No sales pitch, just real, actual help.
And the best prices you will find.
Here's the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back. Just be patient.
Good things come to those who wait!
You can contact Ira and WLT Precious Metals here.
Ira can also help you if you want to purchase Gold and Silver in your IRA.
I mean, his name is Ira, after all, OF COURSE he can help you purchase in your IRA account.
The thing I love about purchasing in your IRA account is you can do it with no money out of pocket. You just take money already in the IRA account, perhaps in stocks or bonds or other investments, and you can shift it into Gold and Silver.
Again, I'm not your personalized financial advisor, I'm just explaining how it works.
And it's REALLY cool.
So even if you're saying times are tough right now, I don't have a lot of spare money to shift into Gold and Silver, you might have a golden opportunity (pun intended!) already sitting there in an established retirement account.
Ok, that was option #1.
Now I want to tell you about option #2.
An equally great company, I am so happy to be working with these guys.
This next company is called Genesis Gold and this is also for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).
In addition to "no money out of pocket", do you know what the beauty of that is?
TAX FREE baby!
I'm not a tax advisor, but that's a general oversimplification.
Never pay more taxes than you are legally required to pay.
And that's why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).
There's so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!
They call it "Faith-Driven Stewardship" and they put it right on the homepage of their website along with a quote from Ezekiel:
Wealth Preservation With Gold & Silver –
The Genesis Gold IRA
By your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4
Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.
Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.
Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.
With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.
Sincerely,
Genesis Gold Group
Empowering Faith-Driven Stewardship
Oh....and they're VERY good at what they do.
You also get physical gold and silver with Genesis, believe it or not! The gold and silver is purchased for you (in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored safely in a vault for you!
I love what these guys are doing.
Here's more on why gold and silver in your IRA are so powerful:
You can contact Genesis Gold here.
They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!
Tell 'em Noah sent ya!
Oh, and did you know Genesis is recommended by SUPERMAN himself?
It's true.
Superman himself, Clark Kent -- Dean Cain -- came on my show and we broke it all down:
Watch here:
Stay safe!
Be ready.
Be prepared.
Before you go, I have one more thing to show you....
This actually just came out and it's super cool.
In addition to bullion, coins or even Gold and Silver in your IRA, this has a very specific purpose and it might be worth having some on hand:
Buy It -- Break It -- Trade It -- New Silver "Invention" Has Never Been Done Before!
A new physical precious metals product launched that immediately caused a stir in the gold and silver industry. "Prepper Bar" is a utility bar that is perforated to allow owners the ability to break off pieces ranging from 1.5 grams up to 7.7 grams.
They fit nicely in one's wallet so they can be carried around constantly.
"People have been asking me how we came up with the idea and I have to tell them that I can't take credit," said Jonathan Rose, CEO at Prepper Bar. "Over the years, our customers have been asking for something tradeable, portable, and spendable so we made Prepper Bar as the perfect accommodation."
These 62 gram bars are flat and come in either silver or gold. The Silver Prepper Bar is available for immediate shipment while the Gold Prepper Bar will be available by the end of June.
We asked Rose what makes these bars so different from regular bars or coins.
"Gold and silver are great for holding wealth but you'd need a pretty sturdy hacksaw to shave off incremental chunks for sale or barter," he said. "Prepper Bars are strong but they can be easily broken along the perforations so if we find ourselves in a pinch, we can break off the right amount, no problem."
Check out the new Prepper Bars today!
How cool is this?
(Note: Thank you for supporting American businesses like the one presenting a sponsored message in this article and working with them through the links in this article which benefit WLTReport. We appreciate your support and the opportunity to tell you about Genesis Gold! The information provided by WLTReport or any related communications is for generalized generalized informational purposes only and should not be considered as personal financial advice. We do not provide personalized investment, financial, or legal advice.)
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