Investors Need To Understand This Simple Truth About Today’s Takedown In The Gold & Silver Markets

On the heels of the brutal takedown in the metals markets, investors need to understand this simple truth about today’s takedown in the gold and silver markets.

Gold & Silver Takedown
September 23 (King World News) – Alasdair Macleod:Eric, I welcome the smash-down in gold and silver because it is probably the last opportunity for ordinary people to acquire more real money cheaply before paper currencies increasingly lose purchasing power and move towards a final collapse, which is increasingly certain.

The psychology of a sudden decline in prices is designed to hit investors hard. But we must not forget that physical gold and silver are being hoarded because they are sound money, so our response is very different: it is to welcome the opportunity to buy more, while clueless investors are panicked into selling…

Let’s look at some truths from the money point of view. First, bank shares are on their knees while stock markets are close to highs, which tells us that the risk of a major failure is significant. That being the case, do you want gold, silver or money on deposit in the bank? No need to answer that one.

Here in the UK we are going into a second covid crisis. The same is happening elsewhere, and I guess it is also on the cards in America. Where does that leave the V-shaped recovery? No need to answer that one, other than to observe the recent statistical bounce in GDP will vanish. The central bankers’ response we already know: whatever it takes, and that “whatever” is accelerated monetary inflation to infinity if necessary.

That is why this dip in precious metal prices is the last opportunity to accumulate real money, and be thankful.

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