It looks like conventional thinkers are now doing some original re-evaluations because even pundits from the world of conventional investments now are converging on an insight that we've been sharing with you all along: gold and silver are poised for a bounce back in prices.
The reasons for these prospects vary a bit for each metal, but you can be sure of one thing: Investments in God's Money are always and still the right long-term strategy, especially in a world that continues to fray at the seams and where man's fiat-money systems - and investment instruments built on them - look increasingly shaky. This is becoming so obvious, it's hard to ignore.
Yes, the price of gold has actually fallen by one-third from a September 2011 high of around $1,900 an ounce. Nonetheless, as we anticipated way back then, this would certainly change in the fullness of time. So now even secular investors believe that gold has actually gotten to a floor where the fundamentals of investing in metals will begin to bump its cost back up.
Even Uri Landesman, president of Platinum Partners LP, told Investment News, a publication of the investment mainstream if ever there was one believes that we're looking at the end of slide for gold. He thinks that if the stock market keeps going down for the next 12 months, gold will act as a flight to quality as people flee from equities. So he thinks a great trade right now is to long on gold and short stocks.
Another reason that Landesman and others believe gold cannot continue to decline is because $1,200 an ounce is close to a breakeven point for the mining and production business, meaning that they'll stop pulling gold from the ground if the cost goes much lower -- prompting a pullback that will, consequently, help support the price of the commodity.
As for silver, we still see lots of manipulation of the cost and this is obscuring the value of this metal and this will, eventually, disrupt the plans of those who are dabbling with the pricing.
The fundamentals remain in place for a surge in silver prices. Whether it comes because of rising industrial demand for the commodity in a global economy that is showing at least a dead-cat bounce, or because the essential value of silver as God's Money, the price of silver will recover. You should bet on it if you haven't already.
It may be time to rethink your financial strategy.
The reasons for these prospects vary a bit for each metal, but you can be sure of one thing: Investments in God's Money are always and still the right long-term strategy, especially in a world that continues to fray at the seams and where man's fiat-money systems - and investment instruments built on them - look increasingly shaky. This is becoming so obvious, it's hard to ignore.
Yes, the price of gold has actually fallen by one-third from a September 2011 high of around $1,900 an ounce. Nonetheless, as we anticipated way back then, this would certainly change in the fullness of time. So now even secular investors believe that gold has actually gotten to a floor where the fundamentals of investing in metals will begin to bump its cost back up.
Even Uri Landesman, president of Platinum Partners LP, told Investment News, a publication of the investment mainstream if ever there was one believes that we're looking at the end of slide for gold. He thinks that if the stock market keeps going down for the next 12 months, gold will act as a flight to quality as people flee from equities. So he thinks a great trade right now is to long on gold and short stocks.
Another reason that Landesman and others believe gold cannot continue to decline is because $1,200 an ounce is close to a breakeven point for the mining and production business, meaning that they'll stop pulling gold from the ground if the cost goes much lower -- prompting a pullback that will, consequently, help support the price of the commodity.
As for silver, we still see lots of manipulation of the cost and this is obscuring the value of this metal and this will, eventually, disrupt the plans of those who are dabbling with the pricing.
The fundamentals remain in place for a surge in silver prices. Whether it comes because of rising industrial demand for the commodity in a global economy that is showing at least a dead-cat bounce, or because the essential value of silver as God's Money, the price of silver will recover. You should bet on it if you haven't already.
It may be time to rethink your financial strategy.
About the Author:
Learn more about precious metal investing. Also, stop by Anne Trimble's site where you can find out all about her fascinating life story.