{"id":20803,"date":"2019-09-12T14:59:33","date_gmt":"2019-09-12T20:59:33","guid":{"rendered":"https:\/\/srsroccoreport.com\/?p=20803"},"modified":"2021-09-17T11:19:17","modified_gmt":"2021-09-17T21:19:17","slug":"tom-cloud-update-precious-metals-premiums-are-rising-1650-gold-next-target","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/tom-cloud-update-precious-metals-premiums-are-rising-1650-gold-next-target\/","title":{"rendered":"Tom Cloud Update: Precious Metals Premiums Are Rising &#038; $1,650 Gold Next Target"},"content":{"rendered":"<p>In Tom&#8217;s newest update, he started off discussing how the premiums on silver bars and products had jumped in just the past three weeks.\u00a0 It&#8217;s been a while since premiums on silver bars have gone up, and with the recent increase in the price, demand has picked up.\u00a0 Since the beginning of the year, gold&#8217;s price has increased by 18% while silver is up 20%.<\/p>\n<p>Tom explains that due to the negative interest rates, demand for gold in Germany has seen the largest increase since 2011.\u00a0 Furthermore, the World Gold Council reported that flows into European Gold ETF&#8217;s increased by 139 metric tons in 2019, mainly over the past three months.<\/p>\n<p><span style=\"color: #800000;\"><strong>According to the gold market price trends that Tom follows, they are suggesting that gold&#8217;s next target is $1,650, which could be reached over the next several months.<\/strong><\/span>\u00a0 And once gold goes above $1,650&#8230; then it&#8217;s likely to retest the all-time highs.<\/p>\n<p><iframe loading=\"lazy\" title=\"Tom Cloud&#039;s Precious Metals Investing &amp; Updates (September 12, 2019)\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/k1kKDHgtieQ?wmode=transparent&amp;rel=0&amp;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Lastly, Tom believes that Platinum will continue to increase in value after he suggested it was a good buy at $700.\u00a0 With Platinum now trading in the $900 range, Tom believes there is more upside potential, possibly $1,200 by early next year if there isn&#8217;t a recession.<\/p>\n<p><span style=\"color: #ff0000;\"><strong>IMPORTANT NOTE:<\/strong><\/span>\u00a0 There is a reason I sponsor Tom Cloud on my site because I believe he is one of the most honest and upfront precious metals dealers in the industry.\u00a0 <strong>Not only does Tom offer some of the best rates to purchase gold and silver, but also whenever someone sells metals back to him, HE DOES NOT CHARGE A COMMISSION<\/strong>.\u00a0 The overwhelming majority of precious metals dealers charge a commission to buy back gold and silver.<\/p>\n<p>I challenge you to check for yourself.<\/p>\n<p>Also, if you need to store metal at a secure facility, Tom offers some of the lowest storage rates in the industry.\u00a0 <strong>TOM DOES NOT MAKE MONEY OFF HIS CLIENTS PRECIOUS METALS STORAGE<\/strong>.\u00a0 The overwhelming majority of precious metals dealers add an additional percentage to store their clients gold and silver<\/p>\n<p>I challenge you to check for yourself.<\/p>\n<p>Tom Cloud has been in the precious metals business for 46 years, since 1973.\u00a0 He has a lot of experience in the precious metals industry and understands the gold and silver market better than most dealers in the industry.<\/p>\n<p>If you are new to the precious metals market and had questions, Tom Cloud would be happy to answer any questions.<\/p>\n<p><strong>DISCLAIMER:<\/strong>\u00a0 <em>While Tom offers information about precious metals, you should not take this as investment advice.\u00a0 You should contact a professional advisor and or do your due diligence before making investment decisions.\u00a0\u00a0<\/em><\/p>\n<p><span style=\"color: #000000;\"><strong>If you are new to the SRSrocco Report, please consider subscribing to my:\u00a0<\/strong><\/span> <a href=\"https:\/\/www.youtube.com\/channel\/UCED7G7CZfqdSV9zttlr1M_g\"><strong>SRSrocco Report Youtube Channel<\/strong><\/a>.<\/p>\n<script>(function() {\n\twindow.mc4wp = window.mc4wp || {\n\t\tlisteners: [],\n\t\tforms: {\n\t\t\ton: function(evt, cb) {\n\t\t\t\twindow.mc4wp.listeners.push(\n\t\t\t\t\t{\n\t\t\t\t\t\tevent   : evt,\n\t\t\t\t\t\tcallback: cb\n\t\t\t\t\t}\n\t\t\t\t);\n\t\t\t}\n\t\t}\n\t}\n})();\n<\/script><!-- Mailchimp for WordPress v4.12.1 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><form id=\"mc4wp-form-1\" class=\"mc4wp-form mc4wp-form-5 mc4wp-form-theme mc4wp-form-theme-red\" method=\"post\" data-id=\"5\" data-name=\"Posts &amp; 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