You gots to ask yourself one question. Will the U.S. continue to add $3 billion per day to the National debt for as far as the eye can see? If the answer is yes, than buying gold when the price is lower is a no brainer. Do you think the chart below represents correlation or causation? If you produce more of something out of thin air, will its value decline versus something that is rare, in short supply, and has been considered valuable for centuries? These are questions they don’t want you to ask or answer.
“All of the government’s monetary, economic and political power, as well as its extensive propaganda machinery, will be enlisted in a constant battle to drive down the price of gold—but in the absence of any fundamental change in the nation’s monetary, fiscal, and economic direction, simply regard any major retreat in the price of gold as an unexpected buying opportunity.” – Irwin A. Schiff
Nobody is selling gold or silver at the "paper" price. The market price that the media talks about is for speculators. It's totally disconnected to the price that is going to put bullion in your pocket.
The deficit is declining at a sharper rate than it has in nearly 10 years. Its going to be gradual, but our debt will slowly go down over time. You cant just cut all funding everywhere.
From that graph, seems like the most logical extrapolation is down, not up.
ReplyDeleteNobody is selling gold or silver at the "paper" price. The market price that the media talks about is for speculators. It's totally disconnected to the price that is going to put bullion in your pocket.
ReplyDeleteLooks like to me that the debt is headed down at a sharper rate than it has in a long time. Something's working.
ReplyDeleteGold is good- Silver is better.
ReplyDeletePeople are dumping gold and buying ammo. Up 275% since January.
ReplyDeleteUm.
ReplyDeleteThe deficit is declining at a sharper rate than it has in nearly 10 years. Its going to be gradual, but our debt will slowly go down over time. You cant just cut all funding everywhere.