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Gold has long been regarded as a sanctuary for wealth preservation during times of political unrest. Article by Steven Feldman, Co-Founder and CEO of GBI. #Trump #gold #politics
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GBI reposted this
Gold has long been regarded as a sanctuary for wealth preservation during times of political unrest. Article by Steven Feldman, Co-Founder and CEO of GBI. #Trump #gold #politics
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Gold is surging and investors should take note. Recent inflation in the US and uncertainty over geopolitics and the upcoming presidential elections are all factors contributing to this rise. However, there are deeper, longer-term messages that investors should pay close attention to. Check out this article to learn more about the reasons behind the gold breakout. #gold #investing #inflation #politics #markets https://lnkd.in/ge_ewU8z
Investors are flocking to gold like it's 1849! On Friday, the yellow metal reached a new high of over $2,440 an ounce before dipping later in the day. While some believe this is due to individual investors hedging against inflation, experts suggest that central bank buying may be the driving force behind the surge. Technical factors could also push gold prices even higher. As a result, silver prices have been climbing alongside gold, and J.P. Morgan Securities technical strategists predict that the trend is far from over. Want to learn more about the latest surge in gold prices? Check out this article. #gold #investing #finance #economy https://lnkd.in/gbc3DhMb
Goldman Sachs Group Inc. has revised its target price for gold to $2,700 by year-end, surpassing its previous estimate of $2,300. The bank attributes gold's rally to increasing investor demand amid rising geopolitical tensions in the Middle East and inflation figures in the US. Despite the market pricing progressively fewer Fed cuts and record equity markets, gold has rallied 20% over the past two months. Goldman Sachs believes the traditional fair value of gold would connect the usual catalysts - real rates, growth expectations, and the dollar - to flows and the price. Read more on the revised forecast here: https://lnkd.in/gaFg6PiF https://lnkd.in/gciPUkqH
A 2023 study by State Street Global Advisors reveals a lack of investor knowledge as the top reason why investors don't invest in gold. The survey found that more than a third of investors don't have gold in their portfolio because they lack knowledge about how to invest. The study also showed that only 41% of investors understand what influences the price of gold, compared to 75% of those who own gold in their portfolios. Financial advisors play a critical role in educating investors about the different ways to invest in gold. The survey revealed that 91% of investors who own gold were informed by their financial advisor. Are you an investor who wants to learn more about investing in gold? Talk to your financial advisor today! #InvestmentNews #GoldETFs #FinancialAdvisors #InvestingInGold https://lnkd.in/eh-5ZTSf.
Stephanie Pomboy, owner of Macromavens, shares her insights on the CPI numbers and the Fed's latest moves. In a recent interview with Fox Business, she discusses what Gold is telling us about the current economic climate. Check out the link to watch the full interview and gain valuable insights into the current state of the economy. https://lnkd.in/gs4WijuF
Gold has been on a scorching run, hitting an all-time high. While it may seem easy to explain from a distance, the reasons behind this surge are far from clear. The precious metal is often seen as a "safe haven," and bullion prices are expected to rise when interest rates fall. However, the rally is defying a lot of normal thinking, especially when it comes to still-elevated rates. According to Ole Hansen, head of commodity strategy at Saxo Bank AS, "the narrative is changing towards sticky inflation and perhaps a hard landing, spiced with a lot of geopolitical uncertainty and de-globalization driving central bank demand." As investors try to make sense of what's driving this sudden rise, one thing is certain: gold's value continues to shine bright. #gold #preciousmetals #economy #investing https://lnkd.in/eMBJE9_B
Gold prices are reaching new heights in 2024, with record highs set in April following a strong fourth quarter in 2023. According to recent data, gold prices rose by 7.03% in the first quarter of 2024 alone, while silver gained 3.45%. These impressive gains make gold and silver valuable commodities to keep an eye on.
From our friends at the World Gold Council.....Venturing into uncharted price territory, gold prices reached new heights in March, finishing 8.1% higher at US$2,214/oz by the end of the month. The strong return was reflected across all major currencies, thanks to a flat US dollar. But what were the driving forces behind this rally? According to our Gold Return Attribution Model (GRAM), Risk and Momentum factors were behind the move higher. Gold's implied volatility, which shot up during March, was particularly instrumental. Meanwhile, the Geopolitical Risk (GPR) index moved higher again, as geopolitical tensions convulsed across several fronts. From a macro perspective, despite heady markets and a soft Fed, there was an important crossover in US data surprises suggesting stagflation risks might be on the rise again, a supportive development for gold prices. Overall, we remain optimistic and look forward to seeing how gold prices continue to perform in the coming months. #goldprices #investment #finance