Happy Friday everyone!
Yes, it’s Friday and that means it’s time again for our weekly PRECIOUS METALS REPORT courtesy of my friend Ira Bershatsky.
As always, my standard disclaimer: 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 say it all the time….don’t listen to what they TELL you on the “Tell-a-Vision”, watch what they DO!
And one of the biggest and best to watch is Warren Buffet.
What’s Uncle Warren doing?
SELLING STOCKS.
Here’s a recent report we ran a few days ago:
My friend Ira Bershatsky picks up on that plus a few other big moves in this week's Precious Metals Update:
On Thursday, retail sales for September were released and were up .4% from August which was .1% better than expected and unemployment claims were lower than expected indicating a resilient economy. This increased Treasury yields slightly.
Gold and silver were not deterred by these numbers with both continuing their upward march after the numbers were released and into this morning.
In an article in Business Insider on Thursday, David Einhorn, billionaire hedge fund investor who has had his fund, Greenlight Capital since 1996, says the stock market is overvalued and is the most expensive in decades. His two biggest winning holdings are a company that is a developer and land holder and gold.
Yes, gold! He says that Warren Buffett has been selling stocks even though he says you can’t time the market yet he got out of stocks in the 1960s before the market peaked and sold stocks in 2007 before the market downturn.
In an article in Bloomberg this past Wednesday, Stanley Druckenmiller, billionaire investor and former hedge fund manager, said the stock market is “very convinced” Trump will win.
Buy metals on the dip or on the momentum.
Until next time…
So...what will YOU do?
Listen to CNBC?
Buy stocks at All-Time-Highs?
Or follow Buffet and Einhorn?
As for me and my house (that's all I can tell you, I can't give you personalized financial advice because everyone's situation is different), I'm getting prepared and getting my house in order BEFORE things turn nasty...
I'm buying as much Gold, Silver and Crypto as I can get my hands on.
Ira can help you if you want to do the same thing, he's earned my trust.
I know many of you are already familiar with Ira Bershatsky, but for those who don't know him, you can find Ira and his company, Advisor Metals, over 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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