In one word SHORTAGE! All Gold and silver is in mass shortage, dealers
don't have any! What you see on TV and in the newspapers is the Futures
prices of the paper markets. Paper Markets are scrambling for liquidity,
hedge funds have gone bust, banks are now being bailed out by the
government. Briefly on that subject, If the banks were such a great buy
wouldn't savvy investors be snapping them up? Sure they would but they have
seen the balance sheets and its ugly.
The truth of the matter is that the hedge fund debacle is nearing its end
and gold should start moving its way back up rapidly in the paper markets.
Physical metals have already been moving up especially low to mid grade
Numismatics which never went down at all, they are making new highs, are in
extreme shortage and have been far more stable.
Has Gold disappointed? Too many Investors watch the short term day to day
while too few view the long term picture.
Gold is up 20-25% in the past 12 months!! Don't miss the forest through the
trees. Ignore the day to day, week to week movement and enjoy the year over
year gains! In this same period the Dow Jones Industrial average is down
30-35%, the S&P 500 down over 40%, the dollar is flat, virtually unchanged,
add inflation over the past year combined with low saving rates and you are
losing big money sitting in cash.
If you are waiting for that next upsurge in Gold you may be shocked to find
yourself waiting and watching as prices explode upward because there is
little to no supply. Thats the REAL WORLD.
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.
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