Guidant Financial Group Blog

As is the case with most investments these days, Gold is feeling the pressure. Generally considered a solid investment, especially in turbulent times, Gold has experienced some ups, and downs, and ups again recently….phew!

In an article from March 10, Bloomberg cites deflationary pressures as the reason for a two day drop in prices to $912.97 an ounce, or a 2.9% drop during the period. This was immediately following a 3.6% increase just a few days prior. Amidst fluctuation, gold has risen 25% in the last 4 months.

What a difference a few days makes!
In an article from today's Bloomberg, gold has rebounded and experts say "BUY"! Another expert calls gold "As good as it gets". Gold is up to $952 per ounce today. From the Bloomberg article, Peter McGuire, managing director at Commodity Warrants Australia Ltd. says, “[Gold has] got the potential to test $980, $990 this week,” and that “The major driver is where the U.S. dollar trades this week and we see further downside on that one.” Read the entire article HERE.

How other metals are trading:
Among other precious metals for immediate delivery, silver added 0.5 percent to $13.82 an ounce, platinum lost 1.1 percent to $1,102.50 an ounce, and palladium slid 0.4 percent to $206.25 an ounce as of 1:27 p.m. in Singapore.

What does this have to do with Guidant?
The primary investments our clients make are in real estate, tax liens, franchises, small businesses and private loans. Recently we have seen a spike in the interest being shown in precious metals – namely Gold and Silver. These and other precious metals headline the limitless other alternative investments that our clients use because they are an interesting investment in any market. With the Guidant self-directed IRA, you are able to purchase Gold and other precious metals with your retirement funds as a long-term investment without paying taxes or penalties. To learn more about a Gold IRA or to find out if you can invest in something non-traditional which you do not see mentioned on our site, contact a Guidant today!