FOLLOW THE MONEY – FOLLOW CHINA, RUSSIA AND INDIA

Much better to hold an asset like gold which is no one else’s liability and which has zero counter-party risk, as long as it is held in physical form and outside the banking system.

DON’T BE FOOLED BY THE SUMMER DOLDRUMS IN GOLD

After the manipulators dumped 30% of annual goldmine production in a few hours last week, demand has been slow. So with the price pushed down over $30, at the beginning of summer trading, we might now enter a quiet gold market until late August or early September. This is quite a normal seasonal pattern.

Low demand for gold and high stock markets leave no room for complacency. The risks in the world economy and the financial system are so major that any minor catalyst can burst the biggest bubble in history in a millisecond.

Current prices of gold and silver represent an excellent opportunity to move investments out of all the overvalued bubble markets and out of risky fiat money into the best insurance and investment that paper money can buy today. This is a historical opportunity to move wealth out of an extremely fragile house of cards to the most solid wealth protection asset that paper money can buy.

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