My Private Bullion Announces the Anticipated End of the Gold Commodity “Super Cycle”, Best Opportunity of the Year for Gold IRA Retirement Planning
Culver City, CA (PRWEB) July 19, 2013 -- In an ongoing effort to continuously educate clients and investors, My Private Bullion announces today their take on the potential ending of the current gold commodity super cycle along and the company’s specific hedging strategy designed to give investors protection from any further price decreases.
MPB Managing Director Alex Viera, himself a 25 year veteran of commodity trading, explains it this way: “The recent decrease in the price of gold has come to a point where, simply put, it is no longer profitable to mine the metal. This causes mining operations to reduce their workforce or simply shut down completely. The decrease in gold prices of roughly 20% or more, since last October causes a squeeze on gold mining margins. When it costs too much to pull the gold out of the ground, workers get laid off and mines can close.”
What Viera talks about is generally referred to as a “Super Cycle”. After workers get laid off and mines begin to close, the market can begin a reversal where prices start to rise. This can result in a new all time high. For investors who disagree and see the future as bearish, MPB offers hedging strategies designed to cover any potential downside.
“This is really one of the best opportunities of the past 3 years, especially for investors interested in Gold IRA retirement planning,” says Tom Kelly, sales manager and retirement plan specialist at MPB. Kelly goes on to say: “We’ve had gold price gains since about July 5, a good sign for a bullish future. That said, we show our clients how to protect their downside with our hedging strategies. They allows clients to make money even if the gold prices go down. Now is a great time to make money in gold, and we are showing all of our gold retirement planning clients, along with our cash investors, how to make money regardless of which way the market goes.”
To learn more about retirement plan investing in gold and other precious metals, please visit MyPrivateBullion.com or call 310-912-3450.
ABOUT MY PRIVATE BULLION
At My Private Bullion, individual service, asset protection strategies and wealth management solutions are the foundation of our business. The company also belives that today’s investors need a protection plan and a profitability plan that the rest of the precious metals industry is simply not providing.
My Private Bullion’s specialty is finding specific coins for buyers that will increase over time, well above bullion coins of similar prices. The company’s services include individuals, IRA’s, 401K’s and entire company retirement plans. MPB’s commitment is to learn an investor’s individual goals and objectives, and tailor personalized solutions to meet their specific needs.
Alex Viera, My Private Bullion, 310-912-3450, [email protected]
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