Investing In Currency Gold Or Fiat

Chinese New Year buying and more deaths in war-torn Yemen have ignited yet another solid rally in gold.

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Gold is staging a breakout from an irregular bull flag pattern and doing so from strong support in the $1550-$1530 zone. 

I’m projecting a near-immediate pullback to that support zone, and then an erratic rally to the $1613 area highs.

There are reports that the massively indebted US government has tried to kill yet another Iranian military man (Abdul Reza Shahlai).

Iran-backed rebels may be seeking revenge for US meddling. They just staged an attack on Saudi-backed Yemeni soldiers.

As long as the US stock market continues to rise, Western mainstream media won’t want to rock the boat with anything more than minimal coverage… of what is obviously the most horrifying humanitarian crisis on Earth.

Clearly, gold investors have a different view of the situation.

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The WGC (World Gold Council) has just published some fabulous statistics about gold.

Regardless of age, citizens of the world trust gold more than fiat, and what’s particularly significant… is that this is also true in the Western nations of Germany and America.

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weekly chart for gold

Gold investors should feel very comfortable with their holdings. In fact, I will emphatically make the case that gold bullion investors have less to worry about now than at any point in the past 100 years.

Government size, spending, and debt levels are “off the charts” in almost every major nation. Gold investors can sit comfortable because rather than reigning in the irresponsible actions of governments, central banks are promoting even more madness, with QE and rate cuts!

What about the stock market? Well, the money elite at Davos appear concerned. They are looking at private equity. There’s a slow transition in the US stock market from strong hands to weak. 

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