Special Update for the Gold & Silver Market No doubt that for those of us who are Gold investors it was a challenging week. However when looking at the big picture the primary trend is still in place. All the talk this week was on how the Federal Reserve is going to begin to start to slow down or stop their asset purchases as the economy recovers. Most asset classes sold off on this news with Gold and Silver being hit particularly hard. Given the state of the economies in the US, Europe and Japan it is going to be very difficult for Central Banks to stop the money printing. So the Fed can stop the bond programs and risk a deflationary collapse or keep buying bonds and risk a currency crisis. Neither is a good option. We have seen that when a country implements austerity it does not work. Governments have shown no discipline to manage their finances because the deficits are simply too large. As a result the Central Banks are going to have no choice but to keep printing money. We here at Celtic Gold believe that the precious metals will protect people from the debasement of paper currencies and from the systemic problems in the banking system. In our view we are close to a turning point in Gold and Silver. However each person needs to come to their own conclusion. Below are two articles and a video that go into more detail about what is really happening in the Gold market and economy in general. Remember true wealth means how many ounces of Gold and Silver you physically hold. Please find below links to two articles which we think you may find interesting: http://www.businessinsider.com/tapering-the-taper-talk-2013-6 http://www.zerohedge.com/news/2013-06-21/marc-faber-believing-bernanke-believing-santa-claus |
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