LOS ANGELES, March 4, 2016 /PRNewswire/ -- American Bullion, Inc., a leading precious metals brokerage firm that specializes in helping clients roll over current investments into physical gold, is reminding all investors to urgently consider adding gold to their portfolio right now. This statement is based on an assessment of the current global economy, as well as a number of financial indicators that have reliably signaled possibly rising gold prices in the coming years.
According to market veteran and American Bullion CEO Orkan Ozkan, the current market environment for gold bugs is highly reminiscent of the situation that occurred when stocks bottomed out seven years ago. "At the close of trading on March 9, 2009, the Dow Jones and S&P 500 had fallen to levels not seen in over a decade," says Ozkan. "In fact, both indices were down over 25% in the year to date alone, which to the average investor, made for a pretty grim outlook. But when prices drop that low, the market is actually primed for a rally as smart investors start to pounce on bargains. That's what happened for stock investors in 2009, and that's what's happening with gold here in 2016."
In addition to similarities between gold prices today and stock prices in 2009, Ozkan points to several other telling economic conditions that lead experts to believe there may be a future boom in the precious metals market. "The uncertain state of China's economy, the declining US dollar index, the Federal Reserve's constraint in raising interest rates, and the difficulty of obtaining physical gold due to decreased mining production can all be viewed as bullish elements that will help drive up the price of gold and other precious metals," he says. "That means the time to buy is now, when the spot price of gold is still at a reasonable level."
Ozkan went on to explain that the biggest mistake he sees most long-term investors make, is actually waiting too long before adding gold to their portfolio. Many times investors will hold out until an asset class like gold has already made significant upward price jumps before making the purchase. "If investors can take one lesson from their past experiences, it is not to make decisions based on what has already happened, but instead focus on how you can reasonably protect and grow what you already own for the long-run."
To learn more about investing in gold or to consult with a precious metals expert about setting up a gold IRA, please visit AmericanBullion.com.
About American Bullion:
American Bullion, Inc. is a pioneer in converting existing IRAs, former 401(K), 403(b), 457(b) or other qualified plans to a self-directed IRA capable of holding precious metals, known as a Gold IRA. Call 1-800-326-9598 or visit www.americanbullion.com for more information.
Contact: 310-689-7720, [email protected]
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SOURCE American Bullion, Inc.
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