Since the beginning of the economic crises in 2007, investors have been adding gold to their portfolios for a number of reasons, all of which are linked to a lack of faith in financial institutions both public and private.
Traders, investors and Joe public are all concerned with one thing and that is, where is my money safe if I wish to take profit or maintain savings in an uncertain world.
To say uncertain world is a slight understatement what with governments looking to inflate out of debt and the knock on to currency devaluation showing no sign of abating let alone stabilising.
It is from these conditions that gold and silver mania has been born leaving little that savers and profit takers can do being caught between the potential risk from what many see as an inflated gold/silver bubble and savings devaluing through inflation.
But gold and silver have decoupled from other ‘asset classes’ and are now returning to their traditional and historic roles as preservers of wealth.
Put simply gold and silver are both real money.
How long will it be until the public at large automatically transfers wages or at least a portion of their wages into gold and silver?
Well many are doing this already and to greater ends than just preserving their wealth as can be seen in the Max Keiser ‘Crash JP Morgan, buy silver‘ campaign which is gaining momentum and could see this practice of automatic transfer becoming more than a trend.
Silver and Gold coins are now being wrapped up for Christmas gifts to family from parents and grandparents to their children.
What does that say about Silver and Gold?
As far as I can see the buying mania hasn’t started yet as traders who are also moving money between currencies seek stability for their conversion to a tangible form of ‘money’ find them selves worrying more about the conversion than the actual trades making the conversion a full time job.
Yes currencies have been traded for many years but the buck needs to end somewhere (excuse the pun).
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Tags: $500 silver, bullion, Comment, crash jp morgan buy silver, gold, max keiser, News, Silver
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Until I see ads for liar loans for precious metals..I will agree this is no “bubble.”
It is Silver and Gold untethered from the counterfeiting Fed, and the banks that own it illegally naked shorting silver to suppress prices.
And trust me on this: the People love shoving it up Wall Street’s ass for a change.
This is just the start.
Farang;
You are so right :>) ……..Cheers!
Farang you my friend are SPOT on (aussie tern you are correct).
When like in the housing boom all when all my friends are talking about buying GOLD or SILVER there is no bubble.
Buy precious metals and protect your wealth. When the sheeple wake up and start doing it, thats when I will consider selling until then I just keep buying the physical and store it away. There will be ups and downs but this bull run hasnt really even started yet.
As a great man once said on a long enough time frame all fiat currencies return to their instric value of zero, USD has lost 97% of its purchasing power in 100 years how much will it lose over the next few years.?
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