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As of 7-18-11 gold is at $1,603.00 U.S. Dollars
Stop buying gold!
If you own physical gold begin to divest 50% of gold holdings over the next six months.
Why only sell half of your gold? Situations can and may change very fast in this current world economic and political era. I also assume that most people who are true long term physical gold purchasers purchased much of their gold (about half) under the $1,000 price.
REASONS FOR DIVESTING:
China is over heated and is in a high risk time frame for an economic development major slowdown to begin.
Without China pushing hard to develop their infrastructure and housing and with no QE 3 from the USA the above will cause commodities to deleverage (including gold and silver) as speculators scramble to re-adjust their portfolios and try to maintain a positive cash flow.
Most of the developed world is in a deep job loss and product demand major slowdown (which will, under present government policies, continue for years).
CLICK HERE; 8-1-11 “one standout is the SPDR S&P Metals and Mining ETF (XME) where we have detected an approximate $43.3 million dollar outflow”
Where do you put gold sale proceeds ?
July 18, 2011
People have asked if not gold then what should they invest in. My answer is simply secure farmland with a secure reasonable water source, near a transport corridor system but not to close to an urban center.
Yes, this is much more management intensive than holding physical gold. But, usable farmland is a safe bet moving forward and adds wide diversity to the average person’s portfolio.
Added on 12-18-11
Jim Rogers and GreenWorld BVI target agricultural land investment in Australia
Anthony DiChi at TradeCurrencyNow,
America’s Forex News and currency information source.