Seven
                                    Star Enterprises International
 
GOLD RISES TO SIX YEAR HIGH! 
AUGUST 7, BREAKS 1500.00/OZ.

AS I PREDICTED, GOLD IS HEADING TOWARD $2000.00/OZ. 
                                         
                             Bruce E Kalata
                             President SSEI

                                                                             

 

*PRESS RELEASE* 

 

 

August Thru September
 
2019
 

   

    
 Greetings!
 
  
We at Seven Star Enterprises, International advise clients on gold and silver investments by providing precise, factual analysis of the world monetary system. SSEI maintains an A+ rating by the BBB for our professional appraisals and grading. Please do not hesitate to contact us regarding your purchase and liquidation needs. From buying and selling precious metals to starting up an IRA, we at SSEI have the products and services you need to help protect your assets!

Please enjoy the latest news from the precious metals market in this newsletter. We look forward to hearing from you.


Sincerely,
  
Bruce Kalata, CEO
Seven Star Enterprises, International
612-331-8222
  

August 7, 2019
Gold and silver futures rallied Wednesday on safe-haven demand. Gold topped the $1500 an ounce milestone and closed at its best price in 6.3 years. Silver also surged 4.6% to end at an almost 14 month high.
Gold for December delivery jumped $35.40, or 2.4%, to settle at $1519.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since April 11, 2013, when gold ended at $1564.90/ounce.

GOLD HITS AN ALL TIME HIGH IN 72 CURRENCIES

It is natural that we measure things by a familiar yardstick - the problem is that being so-biased or lazy, we can be deceived.

Take gold. Popular belief has it that gold prices have not performed especially well despite some egregious geopolitical and economic factors. Well measured in 72 currencies, gold is at ... or within a few percentage points ... of being at an all time high for people in those countries. Not on the list are the British Pound, the Swiss Franc, the Euro and Chinese Yuan - but we are not far off in all of those currencies too. Only in USD does gold lag - and not all of us live in the US.
Using the dollar gold price, as most of us do, has disguised what is actually quite a powerful bull market. If my memory serves me right, we saw the same phenomenon - a stealth rally in minor currencies - ahead of the last major gold bull run (in dollars) in the late 1990's. Arguably this may be a very good leading indicator.
Faulty yardsticks also takes us onto wealth management. Measuring our net worth in local currencies, we might be rather pleased with ourselves - smug even. However we chose to ignore the fact that the yardstick is not a constant ... it is shrinking and sometimes really quite fast. It's the natural corrosive effect of inflation. Knowing this, governments give us a gauge for yardstick shrinkage to use such as RPI or CPI, to reassure you that the shrinkage is minimal... and then lie about it.
There are alternatives.
In the US, the Chapwood Index is highly regarded as it reflects the true cost-of-living increase. Plainly and simply, the Index shows that incomes can't keep up with expenses, and it explains why people increasingly have to turn to the government for entitlements to bail them out. The basis of the Index is fullly open to scrutiny and if correct suggests Americans have been losing roughly 10% of their wealth each year since 2014. Half of it gone. This compares with the official government figure of 1.9%. Ronald Reagan called inflation "the thief in the night" and it is built for times just as this. It gives the appearance of being wealthy (maintaining high nominal values) while eroding your actual position - which manifests itself in far higher costs on the other side.
Interestingly, gold has seen an average year-on-year gain of about 10% compounded since 2000 - off-setting those real losses - which reaffirms in our mind that it continues as a reliable yardstick against which to measure costs or indeed wealth. In short, gold has maintained what economists call "purchasing power parity" for millenia. So not only is it an excellent yardstick - its actually quite a useful thing to own - especially if you fear wealth erosion.
Many crises invariably start with stealth inflation and then follows currency weakness - so gold gets expensive and then it blows out significantly higher in your local currency. Then you realise that the lifeboat has sailed ... the choo-choo train has left the station.
For the unprotected, your backstop plan to protect your wealth by "buying gold when I need it" has just failed. You are now trapped with a dissolving currency and every financial escape route looks too expensive ... and so it goes. Ask anyone in one of those 72 countries (see below) where gold is starting to look expensive.
In short, insurance is best bought before you think you need it ... boring, but true.

Ross Norman
Sharps Pixley
London








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Seven
                                                          Star
                                                          Enterprises
                                                          International,
                                                          Gold, Silver
                                                          & Platinum
                                                          Dealers,
                                                          Roseville, MN

 
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Morgan Silver Dollar

 The Morgan Dollar was issued 1878 to 1921. It is named for the designer, George T. Morgan.The obverse depicts a profile portrait representing Liberty, while the reverse depicts an eagle with wings outstretched. These highly collected coins are known for their value, design, beauty and historical significance.


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Seven Star Enterprises, International
2780 Snelling Ave. N
Suite 205
Roseville, MN 55113

Toll Free: 866.493.7827
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Seven Star Enterprises International, 2780 Snelling Ave. N, Suite 205, Roseville, MN 55113
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