Segment 1: A monthly price review. It was a fantastic January 2020 for gold and silver. Gold started the year at $1,519 USD and closed up at $1,580 USD. Silver started the year at $17.83 and after a brief drop closed back just under $18.00 USD/Oz.
Segment 2: An article came out this week about Canadian reverse mortgage debt reaching nearly $4 billion. That wasn’t the interesting part of the article. What was interesting is that “Nearly three out of four (72%) Canadian seniors polled by Sun Life admitted that their purchasing power did not end up as strong as they anticipated. Around 23% said that they had significantly dialed down their expenses upon reaching retirement age, “following a strict budget and refraining from spending money on non-essential items,” the Financial Post reported at the time.” Wow, if that’s not a reason to own gold, which is a hedge against inflation and has averaged over 9% a year for the last 20 years, then we are not sure what is.
Segment 3 & 4: Here are a few common gold mistakes that gold buyers make and how to avoid them.
Segment 5 & 6: What does the color diamond market for 2020 have in store? Check out the last couple segments to find out.