Have you heard that inflation is coming? Well, it may arrive any day now. Here are some sound reasons to buy some gold to fight off inflation that may arrive.
The Chinese want to back the Yuan with gold.
The Chinese have become the biggest buyers of gold. They are buying it off the market, and hope to emerge as the buyers of the most gold so that their Yuan will be gold-backed.
The median payroll account for nonfarm payrolls is +165K.
With the jobless rate holding steady at 7.5%, and with numbers like these, why not buy gold today?
Central bankers may be losing control.
Japan tends to run about 10 years ahead of the US in all things monetary, and their recent version of simply printing money (Abenomics) is creating a bubble that will inevitably have to pop sometime.
Gold is steadily rising as job rates decline.
The Federal Reserve is paring back its program of buying bonds to keep interest rates low. This has pushed gold prices up.
Stocks tumble, and gold rises.
As US stocks drop off, investors may be looking to secure their funds in safe trends such as gold. Gold is of high physical demand in Asia.
Surging demand for gold in China.
Mainland buyers are demanding gold in China, but there is not quite enough. Imports from Hong Kong are in high demand, as always. Don't let the gold rush pass you by.
India raises import tax on gold.
Demand for gold is rising, which means a crisis is surely on the way. India took advantage of this and raised their tax on metals.
Gold prices are on the rise.
Get in while you can! Trading sentiments are definitely in favor of gold.