Contact us
CALL US NOW 1-888-GOLD-160

CNBC Traders: Why to Buy Gold in 2015 (Video)

  by    2   0

We were surprised to see mainstream stock speculators actually recommending gold as a good buy last week. On Friday, stock traders on CNBC argued the bull and bear case for the yellow metal, and the bull won. He touched on two of the key fundamentals supporting gold: the ongoing international currency war and huge physical demand for gold.

Of course, none of these traders pointed out that the US dollar’s days are numbered thanks to the Federal Reserve’s policies. Perhaps that’s the black swan the bear doesn’t see coming.

The transcript of the gold bulls’ arguments:

“There are three reasons why you want to buy gold for 2015. Number one, there will most likely be more countries entering the currency war that we are in the middle of at this point in time. Number two, you are seeing tremendous physical buying coming out of Asia, particularly in China. That should, as well, put a floor under gold. Finally, the US dollar correlation – it’s breaking. I’m going to give you a couple stats here… In 2014, dollar gets up 10%. Where’s gold? Only down 1%. Most of that 10% increase, 7% came from November to December. What did gold do? It went up 3%. That correlation is breaking, there are physical buyers out there, you want to own gold…

“I don’t think it’s about the dollar. I think it’s about the physical demand of the commodity, and the physical demand for both gold and silver is through the roof…”

Get Peter Schiff’s latest gold market analysis – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

Related Posts

Ron Paul: Will BRICS Smash the Dollar?

Last month, the BRICS economic bloc extended invitations to six new members, including Saudi Arabia. What are the ramifications of this expansion? That remains to be seen. But as Ron Paul pointed out, it could further erode the West’s economic power, and ultimately threaten the status of the dollar as the exclusive global reserve currency.


Gold Is Natural Money; Fiat Is Fake

Gold is nature’s money. Aristotle listed four characteristics of sound money: it must be durable, portable, divisible, and have intrinsic value. Gold possesses all of these characteristics, which is why gold has served as money for thousands of years.


Gold vs. Keynesian Fallacies

At its recent summit, the BRICS economic bloc announced it will add six new members, including Saudi Arabia. Many people believe the growing influence of BRICS could ultimately dent Western economic power and undermine the dollar’s role as the world’s reserve currency. Many people frame the rise of BRICS as a battle between East and […]


Ron Paul: Growing National Debt Menaces Our Prosperity and Our Liberty

The national debt has climbed to a staggering $32.7 trillion. In just the first two months after Congress reached a deal and suspended the debt ceiling for two years, the national debt surged by $1.2 trillion. And there is no end in sight.


Dishonest Money Is Destroying Your Standard of Living

Dishonest money is destroying our standard of living. What do I mean by “dishonest” money? I mean government fiat money that it can create out of thin air. This is inflation and it constantly eats away our purchasing power.


2 thoughts on “CNBC Traders: Why to Buy Gold in 2015 (Video)

  1. […] Last week, traders on CNBC argued the bull and bear case for the yellow metal, and the bull won. Now we have CNBC bigwig Jim Cramer, arguable one of the network’s biggest stock bulls, recommending investors hold gold as “insurance.” […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Call Now