On the heels of the brutal takedown in the metals markets, investors need to understand this simple truth about today’s takedown in the gold and silver markets.
Gold & Silver Takedown
September 23 (King World News) – Alasdair Macleod: Eric, I welcome the smash-down in gold and silver because it is probably the last opportunity for ordinary people to acquire more real money cheaply before paper currencies increasingly lose purchasing power and move towards a final collapse, which is increasingly certain.
The psychology of a sudden decline in prices is designed to hit investors hard. But we must not forget that physical gold and silver are being hoarded because they are sound money, so our response is very different: it is to welcome the opportunity to buy more, while clueless investors are panicked into selling…
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Let’s look at some truths from the money point of view. First, bank shares are on their knees while stock markets are close to highs, which tells us that the risk of a major failure is significant. That being the case, do you want gold, silver or money on deposit in the bank? No need to answer that one.
Here in the UK we are going into a second covid crisis. The same is happening elsewhere, and I guess it is also on the cards in America. Where does that leave the V-shaped recovery? No need to answer that one, other than to observe the recent statistical bounce in GDP will vanish. The central bankers’ response we already know: whatever it takes, and that “whatever” is accelerated monetary inflation to infinity if necessary.
That is why this dip in precious metal prices is the last opportunity to accumulate real money, and be thankful.
Gold & Silver Price Objectives, Plus Silver Bull Just Getting Started
***ALSO JUST RELEASED: Weighing On Gold, Gold & Silver Price Objectives, Plus Don’t Worry, Silver Bull Just Getting Started CLICK HERE.
***To listen to 8-time Graham & Dodd Award Winner Rob Arnott, whose firm oversees $150 billion click here or on the image below.
Rob Arnott: Legend And 8 TIME Graham & Dodd Award Winner!
***To listen to Stephen Leeb discuss the upcoming chaos and why gold and silver will be the primary beneficiaries click here or on the image below.
***To listen to billionaire Ross Beaty discuss the coming chaos and why gold and silver will be the primary beneficiaries click here or on the image below.
Billionaire Ross Beaty, Chairman of Pan American Silver!
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