Editor’s Note: Anyone who says gold or silver are definitely going to go up is speculating. The signs are clearly positive for precious metals but this article and any related communications are for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Gold’s ascent toward $3000 an ounce was interrupted last month when China’s central bank halted its purchases. However, a survey of 70 central banks conducted by the World Gold Council (WGC) indicates robust future buying. None of the respondents foresee a decline in central bank purchases, with 81% anticipating an increase.
“China broke its 18-month gold-buying streak in part to basically ‘pump the brakes’ because prices have been skyrocketing,” said Jonathan Rose, CEO of Genesis Gold Group. “But more importantly they were testing resilience and control to see if their actions would cause prices to plummet, which they didn’t.”
Central banks significantly influence gold prices, with last year’s purchases nearing record levels. Despite private investors selling off in Q1, May saw a reversal, with ETF holdings rising.
Private buyers might bolster prices further, particularly if U.S. interest rates fall. The WGC survey revealed a strong expectation of increased gold reserves in central banks over the next five years. The motivations include strategic rebalancing, economic concerns, and geopolitical instability.
“We often disagree with the way central banks acts, but their motivations are aligned with our customers right now,” Rose said. “The central banks are hedging their investments because they are worried about turmoil tanking economies. Our customers feel the same concerns which is why they’re rolling over or transferring their retirements to physical precious metals.”
Genesis Gold Group specializes in taking old or current retirement accounts and moving them into Genesis Gold IRAs. This “safe haven” approach is becoming more popular as financial strife spikes across the country and around the globe.
The difference between individual investors and central banks as it pertains to gold is that with central banks, they have some degree of control over prices. As they push for Central Bank Digital Currencies, all eyes are on the U.S. Dollar and moves being made by BRICS nations. These factors suggest central banks will continue to play a crucial role in the gold market amidst ongoing global tensions and economic challenges.
Request the free, definitive gold guide from Genesis Gold Group today.
Why One Survival Food Company Shines Above the Rest
Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.
It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?
This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.
Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.
At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.
What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.
