Welcome back to another PRECIOUS METALS REPORT courtesy of my friend Ira Bershatsky.
We bring you this weekly report every Friday, and based on all the great feedback I am getting I think you’re all really enjoying this!
Not personalized financial advice, but this is the quality of insight and macro analysis that people pay big money for…and thanks to Ira, I’m pleased to be able to share it was all of you.
I’ve working with Ira for a couple years now, and the man knows his stuff.
As you can see by his update below….nailed it again!
So here is your Precious Metals Report for August 16, 2024 — from the desk of Ira Bershatsky:
Gold and silver have resumed their upward price movements again this week.
And…buy the dip wins again!
Last week we wrote that the gold/ silver ratio was 89.45 and at that level silver usually makes an upward move. So far since that writing and as of this writing silver is up 3.3%. Gold is up 2.6%. The Dow Jones Industrial Average (DOW) is up 2.7%.
The metals and the DOW both going up is a great portfolio bonus since they usually go opposite each other.
The significant economic reports this week were this morning’s housing starts and building permits numbers which were lower than expected buoying the prices of both gold and silver.
Until next time…
In fact, not only did “Buy The Dip” work again, but we set YET ANOTHER new All Time High for Gold today.
Details here:
There's a reason I keep talking about Gold and I think you're starting to find out why!
As usual, I have you tell you that I am not a financial advisor, and neither Ira nor I can give you personalized financial advice.
This report is simply what Ira sees for the economy and will give you some ideas you might be able to act on if it fits into your overall strategy. That's up to you.
I know many of you are already familiar with Ira Bershatsky, but for those who don't know him, you can find him at WLT Precious Metals.
I have personally sent family members to Ira for 5-figure purchases of Gold and Silver and he treated them like royalty. They were very pleased.
That's how much I trust Ira.
No one has a crystal ball for the markets, but I trust Ira's ethics and morals and customer service implicitly. I always hear glowing reviews!
I didn't tell him I was sending them over either (and these particular family members have a different last name) so I did it as a bit of a "secret shopper" test and Ira passed with flying colors.
Of course I knew he would.
That's why I work with him and that's why I have confidence telling you about him.
Ira can handle bulk purchases of bullion, coins, whatever you want.
All custom ordered and shipped right to your door.
A lot of people love Bullion because its the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.
The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you'll know you're in the right place.
You'll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.
How about that!
You don't see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:
No sales pitch, just real, actual help.
And the best prices you will find.
Here's the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back. Just be patient.
Good things come to those who wait!
You can contact Ira and WLT Precious Metals here.
Ira can also help you if you want to purchase Gold and Silver in your IRA.
I mean, his name is Ira, after all, OF COURSE he can help you purchase in your IRA account.
The thing I love about purchasing in your IRA account is you can do it with no money out of pocket. You just take money already in the IRA account, perhaps in stocks or bonds or other investments, and you can shift it into Gold and Silver.
Again, I'm not your personalized financial advisor, I'm just explaining how it works.
And it's REALLY cool.
So even if you're saying times are tough right now, I don't have a lot of spare money to shift into Gold and Silver, you might have a golden opportunity (pun intended!) already sitting there in an established retirement account.
I'll be back next Friday with another Precious Metals Report update from Ira.
Until then....
Noah out.
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