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Stock Market Guru Is Buying Precious Metals Coins.

Written by Gary North on June 28, 2013

Cody Willard writes for MarketWatch. It is a conventional market site. He is a stock market expert — an actual trader, not a salaried journalist. This is why I was amazed to read his latest post.

He thinks a buying opportunity for gold and silver is here. But not an ETF opportunity.  A coin opportunity.

We can’t control when or where opportunity arises. And as you know with gold having crashed some 30% from its highs, I started rebuilding my own physical gold and silver assets in April, looking to take about 1-2 years to build up those assets to about 10%-15% of my portfolio to own/hedge/protect my family with forever.

These words are radical: “protect my family with forever.”

Depending on your personal net worth (the lower your net worth, the higher proportion of silver simply because it’s so much cheaper per oz than gold is), I’d look to have 30%-70% (big range is my whole point) in gold/silver ratio.

I am a long-term investor. I recommend an 80-20 gold-silver ratio. But if your goal is to make money, as a speculator, he is right: buy more silver. But this is a trader’s strategy. Silver is far more volatile than gold.

He says to buy coins, not funds. I’m with him.

Which leads us to a little more on why I’m so bullish right now on gold and silver coins and bullion and why I am so against gold and silver exchange-traded funds and other precious metal ETFs. It’s my belief that the big banks who control the paper ETF and spot prices have less gold per promise than they’ve ever had in our lifetimes.

He thinks the big banks and the U.S. government will need to get their hands on physical gold. Germany’s demand that the U.S. return its gold is a wake-up call.

So both the U.S. government and the banks that they’ve bet our future on are now in a position where they need to get their hands on as much physical gold and silver as they can and the easiest way to do that is by plundering the wealth of the world’s people by artificially crashing gold and silver here to try to induce them to sell away their physical gold and silver coins and bullion at lower prices. When the Bank of India restricted gold imports that also temporarily eliminated one of the strongest and steadiest demand centers in the world over night. The physical gold trading in India has only gotten further restricted in the weeks since.

Buy coins, not promises to pay you digital money (ETFs).

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4 thoughts on “Stock Market Guru Is Buying Precious Metals Coins.

  1. This doesnt add up-George Soros who we assume is in the know about these sort of FED plans, sold a load of shares in equities a couple of months ago, and bought gold when it was still fairly high. Why didnt he wait and get it cheaper?

  2. Rabelrouser says:

    Buy low and sell high has always been the mantra of a savy investor. By inducing the average person to feel that they have lost "value" in their investment by artifically manipulating a market allows those with larger capital to take advantage and absorb the physical stock avalible. This keeps the average person from aquiring any "reserve capital" by purchasing such precious metals.
    But now is the time to buy, Gold has fallen again and will probably continue for a little while longer. This will put real wealth in your pocket; although it is a longer term investment. Such as when the present "currencies" are soon of no value, and real commodities (gold, silver, food, water, hygeine, ammo) become the currency to use just to survive.
    Not being able to realize that financial markets are manipulated for the advantage of the powerful and the wealthy alone will be the reason why many average citizens will suffer and die in the future. Tommorrow, not today is to be prepared for, even if it causes some immediate discomfort in lifestyle. Take these words to heart!

  3. "So both the U.S. government and the banks that they’ve bet our future on are now in a position where they need to get their hands on as much physical gold and silver as they can and the easiest way to do that is by plundering the wealth of the world’s people by artificially crashing gold and silver here to try to induce them to sell away their physical gold and silver coins and bullion at lower prices.'

    Wow, Bix Weir couldn't have said it better!! I'm amazed this is on a conventional investment website. If this is now mainstream, look out!

  4. Yes it seems now is a good time to accumulate gold and silver coins…