Twenty or so years from now, we may all look back and call these times ‘The Gold Rush of the 21st Century’.
There has never been a time in our short country’s history (as compared to the history of Gold) that the greatest amount of transfer of wealth from the US Dollar (or any currency for that matter) to the ‘Almighty King of Gold’.
Over the past ten years smart money investors have been quietly buying and holding as much Gold as they financially can afford. Countries like China, India and Germany have been strong buyers as well. Private and smaller investors have just recently started to recognize the Power of Gold notwithstanding the negativity about Gold coming from wall Street.
A recent article in a prominent New York based publication about gold and silver demonstrated that on Wall Street they simply don’t understand much about precious metals.
These so-called gurus in the Wall Street world are nothing more than Skeptics who are now questioning gold’s qualifications as one of the few shelters from financial doom and gloom. They have convinced some investors to worry about whether this is the end of gold’s spectacular surge. They foolishly based this on the fact that September was the worst month for gold since Lehman Brothers collapsed in October 2008.
They said, “If you bought silver or gold in August, you were financially injured in September.” They were right on that point, however, they fail to mention that you buy precious metals not only as an investment but also as insurance against financial turmoil over the longer term. You shouldn’t have sold your silver or gold when it corrected in September, you buy more on the corrections and cost average up. Like any insurance, gold and silver’s value will pay out over the longer term, not day by day or month by month.
Remember, Gold and Silver is not a general hedge against financial calamity; it is a hedge against the loss of the purchasing power of our and the worlds paper money. It’s the opposite of paper.
Don’t listen to these precious metals Bears. They were wrong when Gold went from $500 to $1,000 and they were wrong again went it went from $1,000 to $1,500. They are wrong again now. Start or continue buying Gold & Silver as long as it is in a correction phase and even as it starts to move up.
Down the road your friends and family will boast about how smart you really were and you will say to them “In GOLD We Trust.”