Buy Gold and Silver Coins and Bars Now Warns Leading Financial Adviser in Ireland
by GoldCore
ZeroHedge.com
05/18/2016
Buy gold and silver coins and bars for delivery and storage has advocated a leading Irish financial adviser. Eddie Hobbs has given advice to clients and the wider public and says that they should buy silver and gold bullion in order to protect from the coming global financial crisis.
In his most recent research report, ‘Outlook, May 2016’ he said that
“Not holding gold is now, in my opinion, high risk. Gold is the single asset class that protects both against deflation and especially against inflation. The case for gold against this backdrop has strengthened and not weakened.”
Below are the key excerpts from the excellent report regarding gold and silver:
OWN SOME GOLD
As a financial practice we have been recommending gold to our clients since 2005. Gold prices peaked to $1,900 an ounce before declining to the current trading range of between $1,000 and $1,300, i.e. approximately €1,100 at current prices.
The nominal value for gold, if there was a gold standard implemented, would be between $7,000 and $9,000 an ounce, it has been calculated.
This does not mean that gold could go to these prices, but what it does tell us is that it has the potential to go to these values in the event of a loss of confidence in global currencies, especially the US Dollar.
Gold is not an investment, but rather a hedge, and insurance against the potential for substantial falls in other parts of your balance sheet. As a general rule we recommend that between 5% and 10% of liquid assets are held in gold.
The Rest…HERE
