It looks like conventional thinkers are now doing some original re-evaluations because even pundits from the world of conventional investments now are converging on an insight that we've been sharing with you all along: gold and silver are poised for a bounce back in prices.
The reasons for these beliefs vary a little for each and every precious metal, yet you can be definite about one thing: Investments in God's Cash has always been the last best approach for a global crisis that continues to creak at the joints because of man's fiat-money systems, and it looks like financial investment instruments built on them are becoming increasingly unstable. This is now so blatantly obvious, it's hard to overlook.
Yes, the price of gold has fallen by about one-third from a September 2011 high of around $1,900 an ounce. However, as we predicted way back then, this would turn around in time. So finally now secular traders believe that gold has reached a floor where the fundamentals of investing in precious metals likely will begin to drive its price back up.
Even Uri Landesman, president of Platinum Partners LP, told Investment News, a publication of the investment mainstream if ever there was one believes that we're looking at the end of slide for gold. He thinks that if the stock market keeps going down for the next 12 months, gold will act as a flight to quality as people flee from equities. So he thinks a great trade right now is to long on gold and short stocks.
Another reason that Landesman and others believe gold cannot continue to decline is because $1,200 an ounce is close to a breakeven point for the mining and production business, meaning that they'll stop pulling gold from the ground if the cost goes much lower -- prompting a pullback that will, consequently, help support the price of the commodity.
As for silver, we still see lots of manipulation of the cost and this is obscuring the value of this metal and this will, eventually, disrupt the plans of those who are dabbling with the pricing.
The fundamentals remain in place for a surge in silver prices. Whether it comes because of rising industrial demand for the commodity in a global economy that is showing at least a dead-cat bounce, or because the essential value of silver as God's Money, the price of silver will recover. You should bet on it if you haven't already.
Ultimately, it may very well be time to think about a new financial plan.
The reasons for these beliefs vary a little for each and every precious metal, yet you can be definite about one thing: Investments in God's Cash has always been the last best approach for a global crisis that continues to creak at the joints because of man's fiat-money systems, and it looks like financial investment instruments built on them are becoming increasingly unstable. This is now so blatantly obvious, it's hard to overlook.
Yes, the price of gold has fallen by about one-third from a September 2011 high of around $1,900 an ounce. However, as we predicted way back then, this would turn around in time. So finally now secular traders believe that gold has reached a floor where the fundamentals of investing in precious metals likely will begin to drive its price back up.
Even Uri Landesman, president of Platinum Partners LP, told Investment News, a publication of the investment mainstream if ever there was one believes that we're looking at the end of slide for gold. He thinks that if the stock market keeps going down for the next 12 months, gold will act as a flight to quality as people flee from equities. So he thinks a great trade right now is to long on gold and short stocks.
Another reason that Landesman and others believe gold cannot continue to decline is because $1,200 an ounce is close to a breakeven point for the mining and production business, meaning that they'll stop pulling gold from the ground if the cost goes much lower -- prompting a pullback that will, consequently, help support the price of the commodity.
As for silver, we still see lots of manipulation of the cost and this is obscuring the value of this metal and this will, eventually, disrupt the plans of those who are dabbling with the pricing.
The fundamentals remain in place for a surge in silver prices. Whether it comes because of rising industrial demand for the commodity in a global economy that is showing at least a dead-cat bounce, or because the essential value of silver as God's Money, the price of silver will recover. You should bet on it if you haven't already.
Ultimately, it may very well be time to think about a new financial plan.
About the Author:
Find out more about precious metal investing, or visit Anne Trimble's personal website to learn more about her fascinating life story.
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