I run a small business, but on the side, I enjoy doing psychic readings for my existing and new clients. From time to time, I get questions about investment opportunities. With my standard disclosure in mind (take the information I give you with a grain of salt, do your own research and invest at your own risk!), I occasionally stumble across information that I feel I should share with a broader audience.
At the top of my list of 'risky investments' for 2017 is GOLD. Yes, gold, and in particular physical gold.
I've always had an aversion to gold for some reason, and in looking forward to 2017, I see why.
I'm very concerned that by mid-2017, the U.S. could make owning gold a crime!
The laws are already in place, and are nicely detailed in this article:
"On March 9, 1933, the statute was amended to declare (as it remains today) that "during time of war or during any other period of national emergency declared by the President," the President may regulate or prohibit (under such Rules and regulations as the President may prescribe) the hoarding of gold bullion. (Emphasis added). This included gold coinage."
At the top of my list of 'risky investments' for 2017 is GOLD. Yes, gold, and in particular physical gold.
I've always had an aversion to gold for some reason, and in looking forward to 2017, I see why.
I'm very concerned that by mid-2017, the U.S. could make owning gold a crime!
The laws are already in place, and are nicely detailed in this article:
"On March 9, 1933, the statute was amended to declare (as it remains today) that "during time of war or during any other period of national emergency declared by the President," the President may regulate or prohibit (under such Rules and regulations as the President may prescribe) the hoarding of gold bullion. (Emphasis added). This included gold coinage."
So, buyer beware when it comes to owning physical gold. I'm advising everyone to take advantage of the late 2016 increase in gold prices, and get out no later than May 2017! Please consider the plethora of alternative investment options available through the stock market (by 3rd and 4th quarters 2016, the stock market should stabilize) or simply pay off your debt first and foremost.
Meanwhile, silver remains an excellent, long term investment. I am predicting that 2018 forward (for a period of up to 5 years) will be the best times to cash in on silver.
And, as always, take the information that I provide as speculative only. Do your research and invest at your own risk!
For more predictions about gold, the economy, and global trends, please subscribe to the The Star Prophet Magazine (download to your favorite device!). Order now.
For more predictions about gold, the economy, and global trends, please subscribe to the The Star Prophet Magazine (download to your favorite device!). Order now.
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1 comments:
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