Dear ----, Happy New Year! Please find below the next Gold Bulletin. In general we expect gold and silver prices to move sideways for 2015 as the Central Banks still fight deflation with negative interest rates. Japan issued the first negative bond. With the recent dollar strength gold and silver prices in Euro denominate higher showing again that gold and silver offers protection against weakening currencies.
Hedge Fund managers have started to diversify in gold again plus demand in physical gold will remain very strong. So we look at Indian jewelry demand plus 10% for 2015 supported by Central Bank net buying and strong demand from Russia and China. Silver is expected to outperform gold going to a ratio of 1:60 at the end of 2015, which would mean silver will go up to $25.
We would like to recommend to follow last years' suggestion to slowly buy the dips in gold and silver and continue to move outside the banking system.
The year 2015 will be the year to prepare. We prepare to protect our life savings while governments prepare to steal it from you.
The bail-ins are part of the EU legislation now which means if a bank goes bankrupt they can confiscate savings like they did in Cyprus. Given the amount of derivative positions in most banks that exceed by factor 1-5 the national GDP the situation is still scary. We protect ourselves by choosing the right storage options for physical gold and silver and also by buying some handy amount in cash. CelticGold will offer cash sales at the upcoming Gold Talks (we will send details at the end of this week).
Read more in the Gold and Silver Market Update below and also the Financial Strategies 2015 article which we will email to all Gold Bulletin subscribers at the end of this week.
All the very best,
Stefan
CEO CelticGold | 
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