http://illuminatisilver.com http://facebook.com/illuminatisilver Why UK Investors should consider buying Gold and Silver Today is Thursday 6th October 2016 and we are briefly looking at the argument in favour of UK investors buying gold and silver. Regular listeners are well aware of our general scepticism towards gold and silver pumpers. In fact when we began our channel and produced our first video on 16th March 2015 we were totally convinced that gold and silver prices were not going to move up any time soon and certainly not to the $5000 - $10,000 an oz level the pumpers were pushing for gold and the $100 - $400 level they were forecasting for silver. In fact we were right and we rapidly saw gold decline to as low as $1049 and silver to $13.58. Now today compared to the price as of 16th March 2015 Gold is up 9% and silver is up 8% having recovered from those lows as a result of the FED not raising rates more than once despite its promise to do so and the shock that the UK’s BREXIT vote has had around the world. In sterling terms for quite a while we were also correct, on 16th March 2015 gold stood at £780 and then fell to £694 and silver stood at £10.54 and fell to £9.06 but what has happened since then? Well today with gold standing at £993 it is up some 27% and silver now standing at £13.91 it is up 32%. So what happened? The answer very simply: “The fear of BREXIT, then BREXIT and now the fear of the Aftermath of BREXIT”. So what does this mean for UK gold buyers. Well to us it’s obvious. If sterling is likely to fall by another 10% against the dollar then it makes sense to buy gold. Now we are already of the opinion that gold has entered into ‘buy territory’ in US dollar terms, and even if we are wrong about gold prices but right about sterling; gold would have to fall another 10% in price which would take it to around $1140 territory for investors not be better off. Now of course we could be wrong on both accounts, but even the IMF has slashed the UK’s growth rate by 50% for 2017 and if they are right, and they have more resources to calculate than we do, then how can sterling strengthen, especially short term, with this level of uncertainty overhanging it for the next 2 years while we negotiate our way out of the EU? Yes there is more risk buying gold and silver in sterling bearing in mind its huge rise already encountered, however if there is to be more sterling pain on the horizon one has to look for currency protection and to us the solution is obvious. Please view our latest videos: Signs that Fridays Job data may disappoint –positive for gold and silver? https://youtu.be/tkW0jGprwZI Emerging markets may prevent global economic collapse in 2017 https://youtu.be/0c3XnM-jIhg Mike Pence wins the Vice Presidential Debate in Virginia https://youtu.be/s9x-xYWJt8E Gold slides to $1272 and silver $17.86 – Good buying opportunity? https://youtu.be/ebzfN53FbuU Good news for gold and silver as IMF reports China Growth may be OK https://youtu.be/jMht1Xim90E Gold and Silver Update w/e 30th Sept 2016 - by illuminati silver https://youtu.be/NlXuT5XnO8s 9 Reasons why Donald Trump Could Become A Great President https://youtu.be/tHcqdSY4IoM Trump loses $800 million in 1 year and now worth only $3.7 bn https://youtu.be/QRVKwGNVWNU Deutsche Bank on brink of a Deal with the DOJ https://youtu.be/Zk8ubsHOtbo Gold Price Prediction for end of 2016 (part 2 of 2) https://youtu.be/VzfASWse26Q Clinton marginally wins the 1st Presidential debate but Trump performs well https://youtu.be/t52e1lzJmok Trump vs Clinton Presidential Debate - 26th September 2016 https://youtu.be/6XgLdY1Oo_o Gold Price Prediction for end of 2016 (part 1 of 2) https://youtu.be/99ePpAHdREg
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