- Kelly Scott, Editor.
July 29, 2014
- Omaha, NE 05:04AM
Mr. Buffett, along with fellow billionaire investors George Soros and John Paulson, have recently begun selling off millions of shares in U.S. companies.
This is despite recent reports that the housing crisis is leveling off, unemployment is stabilizing, and stocks having rallied a historic 6% in the past few months…
Billionaire investors can typically be considered “in the know”, and can often predict outcomes well before anyone else. So when they take a position separate from the masses, it is worthwhile to take notice.
So let’s examine why billionaires are selling off their stocks in record numbers.
Is it because they are aware of very specific research that indicates a massive market correction coming very soon?
One famous economist, Robert Wiedemer, believes so. He predicted the 2008 fallout, and is predicting another much larger catastrophe in the near future. His NY Times best-selling book “Aftershock”, details all of the trigger points, and so far, his predictions have been spot on.
Wiedemer, along with a handful of billionaires, have recently taken large positions in gold. Ever since gold dropped to the magic number of $1200/ounce, after its historic spike of $1900, the belief appears to be that gold is prime for another record breakout.
There’s no denying the long term value. Gold is up over 600% in the last decade. And while silver is much more attainable for the average investor, the current price is still up 500% since 2004 – and at one point in 2011, silver was up an astounding 950%.
Editor’s Note: This Video From Our Top Recommended Gold Company Explains How Gold Can Help Protect From a Repeat of the 2008 Market Crash:
With such an abundant history for long-term gains, it’s no wonder that the top investors in the world have poured millions into gold and silver.
George Soros recently upped his gold holdings to over $130 million.
John Paulson has over 44% of his billion dollar fund tied to gold.
Warren Buffett famously bought 130 million ounces of silver, giving him ownership of 37% of the total silver in the world at the time.
Did they see something that most investors do not? Perhaps it is nothing more than a hedge.
After all, investors who owned gold & silver during the 2008 crisis were not only protected, but they made huge gains. And the recent actions of these giant investors seems to indicate that they either a) expect gains in precious metals or b) expect another market collapse that can be safe-guarded by owning gold.
One thing is certain; as long as the Federal Reserve continues to print money at an alarming rate, anything is possible.
And while it is easy to identify precious metals as a strong bet against the continuing collapse of the U.S. dollar, it is not always easy to determine who to buy gold from. There’s also the question of purchasing physical gold vs. ETF’s (the paper form of gold).
Unfortunately, there are quite a few fly-by-night companies selling gold and silver online. So folks need to be very careful of who they deal with.
There are also numerous ETF’s that are subject to pump and dump scams, over-selling, etc. Some aren’t worth the paper they are printed on.
Additionally, there are well-branded companies that offer tantalizingly low prices, only to get you on the phone and turn on their “upsell” charm, including hard-selling you on vastly inflated pricing for numismatic (collectible) coins through their high pressure telemarketing rooms.
With that said, there is one company that top investors continue to trust year after year, and their A+ rating with the Better Business Bureau reflects their reputation.
That is why we recommend investors turn to Regal Assets – Click here to visit their website.
Before you invest in gold, it is important to do your due diligence.
Contact several companies, and ask questions such as:
1) Do you deal in numismatics, or bullion? (if they deal in numismatics, be VERY careful.)
2) What are the account setup fees, or up front costs?
3) What are the yearly storage fees? (remember if you are putting gold into an IRA, you do not pay taxes on it if you keep it in a depository)
4) Who is the custodian? (and what is their reputation?)
5) What is the buyback policy? (some companies charge additional commissions when you sell back to them. As an example, Regal Assets does not.)
6) What is the purity of the gold, and is it approved by the federal government?
7) Can they do a 401k rollover? And if so what are the costs?
8) What is their rating with the Better Business Bureau?
Gold Company Comparison Chart
|855-712-0016||$0 - zero setup fees.||A+||RegalAssets.org||1 Complaint|
|800-461-1246||Scaled based on amount.||A||RoslandCapital.com||16 Complaints|
|800-576-9355||Scaled based on amount.||Not Accredited||LearCapital.com||47 Complaints|
|800-963-9798||Reported as highest in the industry.||Not Accredited||Goldline.com||41 Complaints|
|800-326-9598||Scaled based on amount.||A||AmericanBullion.com||15 Complaints|
You can opt for a free precious metals investor kit to be mailed to you by entering your information below. You will receive a free copy of Robert Wiedemer’s NY Times bestseller “Aftershock”.
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