Second Greatest Opportunity To Buy Gold: Empire Club Investment Outlook 2014

During this time it has lost 97% of its purchasing power. I firmly believe we are in the late stages of the U.S. dollar's reign as world reserve currency. Considering the strengthening fundamentals we witnessed for gold in 2013, despite its poor price performance, it appears that an opportunity similar to that of 1976 is a strong possibility. Gold rose 450% from 1971 to 1974. Five Reasons to Buy Gold in 2014

Tim Landolt, strategies manager at iSectors, said his firm has recently sold their gold ETF holdings and purchased the two closed-end funds to capture that discount. Landolt said gold plays a strategic role in their portfolios, meaning theyre longer-term holders of the metal. Were still holding gold; its just its in a different form. Its allocated and vaulted in Canada, (so) we view as a very similar investment, he said. The Central Fund of Canada has a split of 57.4% in gold, 41.7% in silver and 0.9% in cash and other net assets, while the Central Gold Trust is all gold. The metals are stored at a Canadian bank on an unencumbered, allocated and segregated basis, according to the Central Fund of Canadas website. The Central Fund of Canada has $3.6 billion in its portfolio, with 1.7 million ounces of gold and 76.69 ounces of silver, while the Central Gold Trust has $873.9 million in its portfolio, or 704,652 ounces. Maury Fertig, chief investment officer of Relative Value Partners, said these funds are good alternatives for people who want to own physical metal, but dont want the expense of warehousing.

Gold Closed-End Funds Discount Offers Cheaper Way To Buy Gold

While QE has not helped main street it has helped wall street: it has worked to re-inflate the stock market bubble to even greater heights than it was before 2008, but the new pin on the horizon might not be the hiking of rates but the tapering of QE, sending wall street into withdrawal. Some signals of stock market doom. There is an old Wall Street saying:"as goes opening day, so goes opening week, so goes January and thus so goes the year." On Thursday, Jan 2-2014, the S&P's initial trading day of the year closed down 1%, its seven-worst opening day percentage loss in 35 years. Recall that the S&P closed down in the first day of 2008 and that year had clocked a -49% low. Here is another interesting observation from Tom McMellan of the McMellan Market Report, who explores a fascinating price pattern analog uncovered by the legendary analyst Tom Demark on how the recent stock price movement looks a whole lot like the lead-up to the 1929 top: "One very interesting implication of this chart pattern analog is that it says that the equivalent of the Sep. 3, 1929 top is ideally due Jan. 14, 2014. No one should take that Jan.