Gold: This Institution Is Buying 42% More of It!

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Written by Mike Hammer

Central bankers are apparently hot for gold.  Very, very hot.  As in buying 42% more gold in 2018 than in 2017. We talk a lot about how gold is historically “the” safe haven asset — despite periodic claims by new challengers such as Bitcoin.

But so far, for all of history, when the stuff hits the fan people fall back on gold (and silver, which is another topic).

There’s another saying in investing that usually works out well – follow the smart money.  Well, one would hope central bankers are smart, and they sure control a lot of money.  So if they’re buying up gold it might just be worth checking out, yes?  Today’s featured article talks a bit more about all this.  What do you think – Is gold still the ultimate safe haven?

Let us know in the Comments below.

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated with a business degree, then worked with Macy's. After Macy's he spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined a well-known financial planning firm as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where he worked first for a small manufacturing consulting company, then a major university. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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