muses of the moment

March 20, 2013

Chart of the Day-Long term gold

Filed under: Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 11:39 am

Chart of the Day had a long-term gold chart today!

Click here.

Gold is testing the resistance level on the latest trading channel that begin between 2008 and 2009. This is a long-term chart. Notice the changes in trend since the low in 2001?

This long-term bull market in gold and silver is doing exactly what it should be doing. But this a long term place to put money. It is not a day-trading market anymore. If you need regular income, stocks or corporate bonds are better. But everyone should have at least 20% of their total wealth in physical gold and silver held outside the banking system to protect against a currency crisis or revalue in the future. anything beyond that is up to your individual financial needs and risk nature.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: