DEPRESSION 2.0
Perhaps the most difficult part of what’s happening in the financial crisis is to actually BELIEVE what is happening, and even more, what is coming as the situation unravels.
Gold is the cat in the bag, apparently, so what does that mean? As the Gold price issue enters mainstream news the thinking is that this will become the latest bubble and as a result we are now in the early stages of the mania phase, think tech-stocks in 1996.
First 2 links describe how a modern day gold rush is under way as peoples confidence in currency is fading fast while the price of gold rises, says Adrian Douglas, financial analyst and the director of the Gold Anti-Trust Action Committee.
The next 3 YouTube links are from a radio show which discusses the future of Gold and Silver. Then follows a link describing how much bail-out cash has been pumped in and what effect it will have (inflation), the next 3 links are a bit cranky but worth considering and finally ‘What the HECK is going on with gold and silver?’ is an excellent education in how the Gold market actually works.
Doubtless there is always a place for precious metals in any portfolio and as things unravel there will be opportunity to increase that position.
