Once again, gold and silver have shown that they are headed up, up, up, despite brief downturns. You can follow gold’s price on my other site, GaryNorth.com. Click the link. Then save it.
I told subscribers to buy gold in October 2001, when it was around $280. I have told them to buy ever since. But some people will not buy. Why not? Because they recognize that owning gold and silver means losing faith in America’s government.
So, they say, “I’ll buy when it falls.” Well, we just had the fall. That is behind us. The “wait, wait, wait” people could have bought gold for $1,531 on December 29, 2011. They didn’t.
Now, once again, they will say, “I’ll wait for another downturn.”
They said that in early 2008. They said it last summer. They will say it when the supermarket shelves are empty.
Their utter foolishness, year after year, keeps prices down for the tiny minority who know what is going to happen to the dollar and who are willing to act on what they know.
How about you? Do you own gold bullion coins? Junk silver coins (pre-1964)?
Do you believe Bernanke? Are you willing to bet your future on his assurances?
If you own no gold, your real answer is “yes.”
It’s time to choose: gold or Bernanke.
He who has ears to hear, let him hear.