3 Major Reasons Why Gold Could Skyrocket
After the U.S. presidential election the markets have been responding in surprising directions. Stock markets are up, and the dollar is high, on expectations that President-Elect Trump could fuel economic growth, however, these market sentiments are bound to be short-lived. The price of gold could gain some major momentum considering these 3 very important factors:
1. Sharia Law Will Soon Spur $3 Trillion of New Gold Investors into the Market
Sharia Law
Sharia Law is the religious law that governs members of Islamic faith, and that includes finances. By the end of the year, a new law will go into effect that will allow Muslims to buy gold for personal investment for the first time ever. This is huge because before this point, Muslims have been allowed to own gold in the form of jewelry or trinkets under Sharia Law, but forbidden to hold gold as an investment that would increase in value over time. All this is about to change, as the World Gold Council is working with the Accounting and Auditing Organization for Islamic Financial Institutions to enable Muslims to own gold as a commodity.
The bottom line: Muslims account for 1.6 billion of the world’s population, including 112 billionaires and the royal Saudi family and wealthy sheikhs. Standard & Poor estimates that this could funnel $3 trillion into the gold market—a significant amount that would be sure to send gold prices soaring.
2. The Chinese Gold Exchange Will Reset Gold Prices Based on Physical Bullion
Chinese gold
As we’ve discussed at length in previous newsletters and blog posts, China is a formidable player in the gold market, and this year established their own Gold Exchange, which rivals the two main exchanges in London and New York. China is already the top importer, exporter, and consumer of gold—and has plans to seriously change the way that gold is bought and sold. On the New York and London Exchanges, gold has been priced for the past 40 years based on gold futures contracts—not actual physical gold. Only 1 in 252 contracts are based on real physical bullion, which artificially suppresses the price.
The bottom line: On the Shanghai Gold Exchange, anyone buying gold futures will be required to deposit the equivalent of physical gold, meaning that every trade on the Shanghai fix will be backed by physical precious metal, putting the ratio at 1:1 instead of 252:1. Based on the law of supply and demand and finite amounts of gold available, the result should be an astronomical rise in prices.
3. Analysts Strongly Predict a Trump Presidency Will Increase National Debt
Donald Trump
Even though the immediate response to Trump’s presidential victory has whetted the risk appetite of investors, the long-term effects are sure to be less savory. Trump’s policies, though still vague, propose increased spending combined with significant tax cuts. This is a recipe for more and more debt, and the Committee for a Responsible Federal Budget, a non-partisan group advocating for responsible government spending and debt reduction, has the evidence to prove it. This organization predicts that the federal budget could increase by $5.3 trillion in the next decade, pushing the debt-to-GDP ratio to 105% (the current ratio is at 75%). This equates to an increase in the deficit by as much as 25%.
The bottom line: Though, as the Committee admits, Trump’s policies are neither clear nor transparent, the general consensus is that a Trump administration is sure to raise the debt, not diminish it. Who knows what the actual outcomes will be, but all signs point to negative long-term economic impacts. Once his policies start to show the debt increasing, the dollar will surely fall; gold would once again rise as a reliable safe haven investment against irresponsible government spending.
Gold Prospects and Panning Pawn Shops in Dana Point
It is amazing how many people think all of the gold is long gone. They assume that the “old timers” found it all, and there is nothing left to find.
At Gems N ‘Loans we have gold nuggets, bullion, rings, and more!
Geologists estimate that 90% – 95% of the all the gold on Earth is still in the ground waiting to be found! Yes those “old timers” did find a lot of gold, but they left plenty behind for you and me!
With the increased price of gold over the past few years, the gold prospecting has become more popular than ever, and many people are learning that there is indeed plenty of gold out there yet to be found.
With all the innovation that we are all barraged with once a day in this present day world, individuals are starting to search out more solid open air exercises, far from our PCs, TVs, and cell phones.
Prospecting for gold is one of only a handful couple of open air exercises that won't just get you outside and into nature, however you may likewise profit as well! Probably about it, the charm of gold and its quality is something that has pulled in people following the get-go.
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Looking For Something Snazzy!
There us more than one way to get to the beach, and often finding a bike for a great price can be possible at a Pawn Shop near Dana Point. She had to get there for the last bonfire before school starts again. She walked for miles until she stumbled upon Gems N' Loans in Dana Point, to find an amazing deal on a used bicycle. After the bonfire she will pawn the bike at the Pawns shop in Dana Point for book money, when she returns to school.
Learn more about our merchandise!
Fine Jewelry Repair and Reviews
One customer described her experience with jewelry in Dana Point California. She said that her first pieces of jewelry weren't particularly glamorous. I wore stick-on earrings for way longer than is appropriate, at which point I graduated to slap bracelets and candy necklaces. Junior high wasn't much better, with intricate anklets and stretchy chokers followed by puka shells and stick-on rhinestones in high school. But jewelry is always something I've loved and as my taste has become a bit more refined over the years, I've also come to appreciate that almost every piece I have has a personal story associated with it. Here are five of my favorite items and what they mean to me.
She later found that when leaving the beach and past by Gems N' Loans in Dana Point that she would search for some used jewelry there, and to her surprise, she found many beautiful pieces of jewelry and had our jeweler customize the fittings for various rings as well.
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We offer private consultations and private loans!
Pawn shops have been around for a considerable length of time, and they appear to get well known at the end of the day. They are certainly picking up ubiquity in giving money advances. Numerous individuals pick a money advance through a pawn shop over payday credits and other conventional bank advances. There are a few reasons pawn shops are ascending in real money advances.
How Pawn Shop Loans Work:
Cash loans through pawn shops are very simple. There are only a few steps to go through, and then you get your cash. Here is how the process works.
1. Bring an item to use as collateral for the cash.
2. Your item will be evaluated by several different methods to determine its worth.
3. Decide on a loan amount with the appraiser.
4. Communicate with appraiser on internet rates and payback date.
5.Sign Forms.
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5 Reasons to Buy Sterling Silver Jewelry
Sterling
silver is the brightest of all the valuable metals. Numerous
individuals want to wear sterling silver gems more than whatever other
metal since they adore the splendid, sparkly look of adornments created
in sterling silver. Throughout the years, the notoriety and benefit of
sterling silver has risen. Its resurgence in the gems business has
cleared a path for more options among sterling silver gems outlines. It
has likewise started the formation of new adornments fashioners in the
business.
Since
sterling silver is valued lower than gold and platinum, new fashioners
can bear to put resources into throwing new bits of adornments to offer
in today's business sector at Gems N' Loans Dana Point. Numerous set up,
top of the line architects have tailed this pattern toward sterling
silver gems. There is a plenitude of originator gems cast in sterling
silver and set with valuable stones in the present commercial center.
With the resurgence of sterling silver, customers better see how to keep
up this valuable metal through standard cleaning and cleaning. This
makes keeping up sterling silver to a lesser degree an errand than
already suspected. Buyers locate the additional support required to
routinely spotless and shine their silver to be certainly justified
regardless of the exertion.
Learn more here!
5 Reasons to Buy Sterling Silver Jewelry
Sterling silver is the brightest of all the valuable metals. Numerous individuals want to wear sterling silver gems more than whatever other metal since they adore the splendid, sparkly look of adornments created in sterling silver. Throughout the years, the notoriety and benefit of sterling silver has risen. Its resurgence in the gems business has cleared a path for more options among sterling silver gems outlines. It has likewise started the formation of new adornments fashioners in the business.
Since sterling silver is valued lower than gold and platinum, new fashioners can bear to put resources into throwing new bits of adornments to offer in today's business sector at Gems N' Loans Dana Point. Numerous set up, top of the line architects have tailed this pattern toward sterling silver gems. There is a plenitude of originator gems cast in sterling silver and set with valuable stones in the present commercial center. With the resurgence of sterling silver, customers better see how to keep up this valuable metal through standard cleaning and cleaning. This makes keeping up sterling silver to a lesser degree an errand than already suspected. Buyers locate the additional support required to routinely spotless and shine their silver to be certainly justified regardless of the exertion.
