Safe Haven

Safe Haven

When I was a teenager I had some friends whose fathers owned fishing vessels.
During the huge storms the boats would come to port and wait out the storm.

I had one of my friends fathers that didn't make it back to port one trip. The sea was so rough that the waves were over 50 ft Gene was thrown off the huge fishing boat and was treading water.

The boat was hit by another gigantic wave Gene swam to the ship and grabbed the mast and was safely on the boat once the waves subsided.

After that experience Gene always sought a safe haven to weather out the storms. Just like my boat captain friends the big investment folks are moving their assets into safe havens to wait out the economic storm.

This safe haven theyve been docking their assets into are Gold/Silver.

Currently the ask price for Gold is $1,410.20 Per ounce Silver is $15.33

They're are companies purchasing these metals and just sitting on them thus taking them out of the trading market for an extended period of time.

For years, gold has been considered a store of value. As a physical commodity, it cannot be printed like money, and its value is not impacted by interest rate decisions made by a government.

Because gold has historically maintained its value over time, it serves as a form of insurance against adverse economic events. When an adverse event occurs that lingers for a while, investors tend to pile their funds into gold, which drives up its price due to increased demand. Also, when there is a threat of inflation, the value of gold increases since it is priced in U.S. dollars.

Other commodities, such as silver, copper, sugar, corn, and livestock, are negatively correlated with stocks and bonds and serve as safe havens for investors.

Gold's Set Up For More Gains, Prices To Approach $1,500 In 2020: TD Securities

https://www.kitco.com/news/2019-06-27/Gold-s-Correction-Is-A-Set-Up-For-More-Gains-Prices-To-Approach-1-500-In-2020-TD-Securities.html

Gold Prices Consolidating But The Rally's Not Over - Saxo Bank

https://www.kitco.com/news/2019-06-26/Gold-Prices-Consolidating-But-The-Rally-s-Not-Over-Saxo-Bank.html

Six-Years Of Gold Market Spoofing Results In $25 Million Fine

https://www.kitco.com/news/2019-06-26/Six-Years-Of-Gold-Market-Spoofing-Results-In-25-Million-Fine.html

We can see the value ourselves of having physical metals in our possession. Note if you don't actually hold the metal it's not yours that's one of my investment rules.

I don't do these Certificates for Gold or Silver because in my mind they're simply not the metal in my hand. That's my food for thought message. Another thing to understand when all of these big time investors move from other markets they will be buying all of these metals.

Note this there already are difficulties in purchasing Gold / Silver the demand is greater then production right now. What's it going to be like next week or in 1 month?

My thoughts are insanely good for us that have bought into these metals. Note I'm not a professional trader this does not constitute as legal advice.

With that being said let's all hope for the best, plan for the worst and let's most of all hang on for dear life.