Skip to Content
Back to Blog
Metals Minute 129: The Time Is Now

Metals Minute 129: The Time Is Now

August 22, 2022234 view(s)

Exports of gold from Swiss refineries to the rest of the world exceeded 200 tons in July, the highest amount in 2022 and the most in nearly seven years.  Physical gold is in high demand as the world migrates from paper to tangible assets such as energy and precious metals.

 

 

Record amounts of physical gold (131,293 Oz per day) have been withdrawn from the COMEX every day, for the last 50 days, as Russia proposes a new “Moscow World Standard” (MWS) of precious metals brokerage, after being banned by the London Bullion Market Association (LBMA).  If successful, the MWS would destroy the monopoly of price-setting operations by the LBMA and provide BRICS-aligned nations an alternative option for gold transfers.

A popular chart making the rounds meant to discourage gold investors should encourage more people to purchase gold.  The chart contrasts the 10-year performance of gold (8%) to Apple (755%) or Amazon (1,055%) stock.  But gold’s long-term average is 8% per year, which means gold is due for a period of out-performance to return to average performance.  When it comes to buying gold, the time is now.

 

Free gold and silver investment kit

Get Our Free
Investor's Guide

 

About the Author: Bill Stack

 

Financial Analyst of 29 years and Gulf War Veteran, Bill has been helping families nationwide keep their money safe and growing since 1993. As a Certified Financial Fiduciary® and a RICP®, Bill specializes in helping protect your assets with growth potential.

Posting in:
Bill StackbyBill Stack
This site uses cookies to improve your experience. By clicking, you agree to our Privacy Policy.