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This Catalyst to send Gold to my nearby $2,350 Target in 2013

The FDIC using the Banking Capital Adequacy Ratios of the Basel Committee for Bank Supervision as a result of the global banking crisis. Rules are in the process of being changed in terms of the assets that banks must hold is very bullish for gold.

May 30, 2012 - PRLog -- This Catalyst may send Gold to my short-term nearby $2,350 Target

Sharps Pixley announced from London that Banking Capital Adequacy Ratios have advanced to center stage by the Basel Committee for Bank Supervision; due to the current global banking crisis. As a result, rules are in the process of being changed in terms of the assets that banks must hold, which is potentially very bullish for gold. As a CPA and former Managing Director in charge of all Banking for Touche Ross, I can tell you that this is earth-shattering bullish news for Gold. It is also very bearish for some US and International banks (both regional and money center) that are reported to be short positions of gold.

This may be the catalyst I have been waiting for to finally shake loose the gold cartel’s grip on the gold and silver markets. A result of this catalyst, if approved, should propel Gold to over $2,000 per ounce and then on to my first of three targets of $2,350. For Silver, my first target of $69 remains in place once the initial peak of $50 is attained and broken on the upside.

This is the time to take both initial and add-on positions in both gold and silver. Although very positive for Gold, Silver in the long-term will do even better than gold since there is only about 10 years left of silver mineral assets left in the Earth’s crust, according to the USGS. I am certain, that in time, the Silver price will increase relative to the Gold price due to scarcity. In fact, at the present time there are silver shortages beginning to emerge in the Silver Coin business.

We have product available, even though some shortages have started to develop in the industry.

Have a little glitter and shine in your life!

Ed Sheldon CPA
Sheldon’s Finest Coins
Toll-Free # is 888-786-5678

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Source:Sheldons FinestCoins
Location:Lincoln Park - New Jersey - United States
Industry:Finance, Investment, Business
Tags:Gold mining values, Silver Coins, Gold Coins, Silver Prices, Gold Prices
Last Updated:Jan 18, 2013
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