Hold Physical Gold And Silver – The End Is Near; Just Not In Sight
Michael Noonan | June 22, 2013
Whatever expectation[s] you may have, expect the unexpected and unlike what you may expect. So far, that has been playing out quite nicely, and one of our expectations is that it will continue to unfold in the same manner, and to the ongoing surprise of most.
“Gold will be at/above $2,000 by the end of the year.”
“Gold will reach $3,000 [$5,000, $10,000, etc] and silver $100, [$250, $500, etc]”
“The central bankers are [just about] out of gold.” [The cupboards are likely bare.]
What is wrong with this picture?
Not one Precious Metals guru has gotten anything right in the last 18 months. All have been calling for considerably higher prices. Over the past several months none called for sub-$1,300 gold and sub-$20 silver. Many have extensive research staffs and reams of statistics to substantiate any and all claims asserted, [for higher price levels].
Lesson: Crystal balls do not work and never have, plus, when it comes to markets, Anything Can Happen!
We have expressed sentiments, [but not timing], with the eventual higher prices, and have advocated the ongoing purchase of physical gold and silver, and only to be held personally. If you do not hold it, you [most likely] do not own it. You will get back paper, instead. For the most part, we have maintained not to buy the paper futures because the charts say do not be long, plain and simple.
[As an aside, we are on record stating we have been buyers of the physical even at +$1,800 gold and +$40 silver. Would we like to have bought it cheaper? That has never been a consideration, in hindsight, nor is it of concern at current low prices. Keep buying, we say. Our reasons for buying and holding, and also recommending same for silver and gold supersede its price.
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Whistler Blowers, Insiders
Fiat is wallpaper. Get a clue.
Peace Love and Happiness
all else is illusion
Gold & silver will be irrelevant when the economy collapses and people are killing each other for Bread. Look at what happened in London a few years back, that was over pretty much nothing. Brazil is currently a good example of how things can turn when people are angry and don’t know what to do.
Land is the only thing that can save you when the collapse comes.
Author doesn’t know the difference between paper and metal?
The difference between their curency and ours iis the fact that ours is a global curency. when the dollar tanks so do the other countrys. to include ther economys.
