Washington tells us everything is fine … but gold and silver are saying “they’re lying!”
Really, do you think gold would go over $1,300 if everything was fine? $1,300 gold does not signal that a financial system is firing on all cylinders. I believe $1,300 gold is a symptom of a currency and financial system under great stress — and if you think the system is crumbling now, wait till you see the stress when gold hits $2,500!
And that price is coming, as is $50 silver.
What you do next is up to you.
All you have to do is buy gold and silver. I’ll think you’ll want to buy select gold and silver stocks, too.
The monied interests are disparaging gold in public while accumulating it privately. For example, in public, billionaire financier George Soros recently echoed investment guru Warren Buffett when he called gold the “ultimate bubble.”
And yet, at the recent Reuters Global Private Banking, UBS executive Josef Stadler who runs the Swiss bank’s services for clients with assets of at least $50 million to invest, told the conference that the world’s wealthiest people have responded to economic worries by buying gold by the bar — sometimes by the ton!
“We had a clear example of a couple buying over a ton of gold … and carrying it to another place,” Stadler told the conference.
A ton of gold is worth more than $42 million! But you know what? I think that couple got a bargain, because gold is going to be worth a lot more, and probably sooner than many people believe possible.
So why do the shadowy men in Washington and on Wall Street talk down gold? They hate it when ordinary people put their faith in gold and silver. Precious metals are alternative currencies to the dollar, and holding gold and silver is a direct challenge to the authority of the Federal government.
Gold has no counterparty risk. You can’t say that for paper currencies … not the way the government spends like there’s no tomorrow.
Weaker Dollar Means Stronger Gold and Silver
The U.S. dollar is being debased. It is being weakened by the failing schemes of a corrupt combination of the government and financial interests.
As you can see on this chart, the once mighty greenback broke crucial support — what is called the “neckline” of a head-and-shoulders pattern. The U.S. dollar index could be heading back to the 72 level — a level last seen during the global financial crisis. Why? Because Ben Bernanke and the Federal Reserve basically said they’d follow an easy money policy to infinity and beyond if they had to, to boost the economy.
More money means it has less value. Since hard assets — commodities — are priced in dollars, and since you can’t print an infinite supply of commodities, as the dollar goes down, hard assets tend to go higher.
But it’s not just the U.S. dollar. It is fiat currencies around the world. Global governments WANT weaker paper currencies so they can (hopefully) increase exports and juice their economic growth.
It’s a mutual suicide pact that I want no part of. I know what I want — gold, silver, and select mining stocks.
In June, I put out my “New Gold Rush” report, which had 10 gold and silver picks. Did you get that report? I sure hope so. Here’s how that portfolio was doing recently …
We closed out one position recently, in one of the updates I sent subscribers. The total of 9 active positions and 1 closed position works out to a gain of 21.5% before commissions over the initial investment. That compares to a gain of around 6.8% for the S&P 500 over the same time period.
Everyone is waiting for gold to pull back. Heck, when I was in Toronto recently, speaking to a conference of analysts and investors, I kept hearing the same thing. And many investors have been taking profits for weeks. I don’t have a problem with that. There’s never a bad time to take profits. But that means there is a large part of gold and silver investors who are under-invested — who were caught napping by the recent surge in precious metals.
So, when we get a pullback — a normal and necessary part of any bull market — I expect they’ll rush in to buy.
And then there’s the big herd of the investing public who don’t know gold and silver unless it’s jewelry. You know who I’m talking about — they’re your brothers, sisters, aunts, uncles, nephews, nieces, and your friends. They’re the people who have snoozed for the last 10 years of gold’s bull market. They haven’t woken up yet.
Bull markets in commodities can EASILY last 20 years or more. The big herd will wake up eventually. When they do, gold and silver could REALLY blast off!
The well-heeled confidence men have fooled the world for a long time. Now, their scheme is coming unraveled. Gold and silver are returning to their place in the sun, and this time, RIGHT NOW, can be your time to make a fortune. Your financial fate is in your hands. You just have to choose to take action.
Yours for trading profits,
P.S. My June gold and silver report focused on mostly larger companies. My new precious metals report shifts its focus to the most powerfully leveraged, smaller-cap gold and silver companies that I could find.
My June report also had more gold picks than silver picks. Now, I think we’re entering the stage of the market where silver could outperform. So the balance of my new picks are in silver. This is the absolute LAST DAY you can buy this report at its sweet discounted price. Don’t waste another minute — those red-hot picks are waiting for you. Get your report NOW! CLICK HERE.