I’m to young (just) to remember the story George Maniere shares about why Buying Silver vs Gold makes so much sense.
Now I won’t pretend to be an expert in finance or precious metals because that wouldn’t be the truth. Anyway there are enough new experts on the matter out there to sink a small fishing trawler.What I will tell you is that I’ve learnt to follow those people that are experts in their field and model them.
That is where this site comes in; a daily guide to what’s happening in the world of precious metals. And moreover Wealth Cycles like those taught my Mike Maloney and David Morgan and Mike Dillard to name some key influencers.
Back to the subject at hand, as George’s article “Investors: Why Gold and Silver Is The Cure For Panic and Anxiety” suggests there is a deep uncertainty pervasive in society and people are looking for a place of safety. He goes on to add that not everyone seems willing or even capable of grasping the insolvency issues facing the world. To be frank I have a pretty hard time believing what’s going on.
I encourage you to read more here…
While I feel that the average citizen (not my readers) is woefully incapable of grasping the insolvency that faces our nation. I think people innately sense that something is very wrong but are unable to articulate the problem and worse have no idea how to fix it. The sad fact is that our once great nation is moving into an unavoidable systemic failure. Most people feel that our representatives and the banks have neither the will nor the solutions for dealing with the Armageddon that is facing our nation. [Read: Could This Be The Beginning Of A Recession?]
A pervasive feeling of doom has crept into the very fabric of our society. Worst of all our people have lost all respect for our leaders and have come to the realization that the partisanship that has taken hold of our government has made our representatives incapable of dealing with the mountain of problems that face our nation.
Under the era of President Reagan we started the deregulation of the banks. This philosophy hit its crescendo under President Clinton who proclaimed that every American should own his or her own home. The realization of the American dream of home ownership, however was a ruse perpetrated by the greedy bankers to increase the annual bonuses. This was not capital creation – it was capital destruction. The apex of capital destruction has taken place over the last three or four years under the guise of quantitative easing. Credit dispensation and monetary growth (debasement) was doled out under the illusion of coming to grips with controlling the problem. This was a classic case of the tail wagging the dog. If you give..
Without doubt there’s a little education going on here; but for me the best bit is kept to the last. As Gold realises it true value and the lie that is “Fiat Currency” unfolds there is no doubt that Gold prices will become to expensive. It’s already to much for me.
And when that happens people like me will look at the silver prices and come to belive that Buying Silver vs Gold simply is the best option