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Until the fundamental factors driving gold shift dramatically, I suggest deleting any worries about price fluctuations from your psyche.
While I'm convinced that our gold and silver investments will pay off, they don't come without risk...
It's no secret that the silver market is red hot.
There's another driver of the price that escapes many gold watchers and certainly the mainstream media.
I'm a huge long-term bull on silver and gold. The only way the Western world can pay for its huge unfunded liabilities is to print more money... which is very bullish for precious metals.
This past April, Chinese officials made a surprise announcement that they had been secretly buying gold since 2003, increasing their gold reserves by 76% to 33,886,000 ounces. The Chinese government now owns 30 times the gold it held in 1990.
These trends are real and they're pushing gold higher by the day. But the real fireworks will start when Main Street catches gold fever. The gold market is tiny; ergo, any panic out of the dollar by the general public will send gold investments into the stratosphere.
If I were a crime detective, I'd say China has the motive, means, and opportunity to push gold and gold stocks much higher.
Taking on debt is like getting a tattoo: It doesn't go away, and it's pretty painful to get rid of.
If you start to hear, "Hey, my friend, I have a great deal right now on a rare Swiss coin...," you might want to reconsider where you shop.
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