Super Rich rush to buy Gold Bars
"Did you know that the number of gold bars being purchased by ultra-wealthy individuals has increased by 243 percent so far this year? If stocks are just going to keep soaring, why are they doing this?
The Dow Jones industrial average and the S&P 500 both closed at record highs once again. It is a party that never seems to end, and there are a lot of really happy people on Wall Street these days. But those that are discerning realize that we witnessed the exact same kind of bubble behavior during the dotcom boom and during the run up to the last financial crash in 2007. The irrational exuberance that we are witnessing right now cannot go on forever. And the bigger that this bubble gets, the more painful that it is going to be when it finally bursts. Those that get out at the peaks of the market are the ones that usually end up making lots of money. Those that ride stocks all the way up and all the way down are the ones that usually end up getting totally wiped out."
So says Michael Snyder of The Economic Collaspe (18/09/2014). He continues: "Fueled by the quantitative easing policies of the Federal Reserve, U.S. stocks have enjoyed an unprecedented joy ride."
However, as David Stockman recently told Yahoo Finance, the subsequent crash is likely to be enormously painful.
“I’m worried… that we’ve got the greatest bubble created by a central bank in human history. I think what the Fed is doing is so unprecedented, what is happening in the markets is so unnatural," he said. "This is dangerous, combustible stuff, and I don’t know when the explosion occurs - when the collapse suddenly is upon us - but when it happens, people will be happy that they got out of the way if they did."
The behavior that we are observing in the stock market simply does not reflect what is happening in the economy overall whatsoever. Meanwhile, the ultra-wealthy are making moves to protect themselves from the inevitable chaos that is coming.
For example, John Ficenec of The Telegraph recently reported that sales of gold bars to wealthy customers are up 243 percent so far in 2014. "The super-rich are looking to protect their wealth through buying record numbers of "Italian job" style gold bars, according to bullion experts."
So do the super-rich know something we don't? After all, the super-rich are able to stay super-rich for a reason. This is usually down to them being aware of what is REALLY going on behind the scenes while keeping a step or two ahead of most of the rest of us.
"And as any rational person should be able to see," reports Michale Snyder, "this financial bubble is going to end very, very badly."
So what can we do to protect ourselves? We believe owning physical Gold and Silver is a time-honoured safe haven against economic turmoil and - unlike paper currency - is a store of wealth with inherent value.
John Ficenec from The Telegraph outlines in a short video the "Five Reasons Why it is Important for Investors to Own Gold":
- Inflation Hedge
- Crash Protection
- Low Interest Rates - gold outpeforms shares when the interest rate is below 2%.
- Stable Gold Price - demand for physical over the last year has kept the price 'stable'.
- The Outlook for the Gold Price
So join the super-rich in putting your savings into Physical Gold and Silver. We offer a wide variety of Gold Bars and Coins, and Silver Bars and Coins to match your budget. Either buy in bulk or why not buy a little each month? If you are concerned about where to keep it we also offer highly secure Storage facilities either in the U.K. or off-shore.
To find out more simply call 01769 618618.