A recent article in Fortune entitled Don't Believe the Rosy Forecasts confidently predicts the popping of the "alleged" gold and silver bubble. See the following excerpt:
"From 1983 to 2004, gold prices averaged around $400 an ounce. Today, the price for an ounce stands at $1390, or 3.5 times its historic average. The rub is that the production cost of gold is still in the $400 range. It's a combination of speculative demand and a temporary shortage of supply because of the long lags in mining the yellow metal that accounts for the surge. The spread of gold ATMs and ads luring people to sell their jewelry are sure signs of a bubble. Look for gold prices to drop sharply, and silver, copper and other metals to follow."
I've been reading articles like this daily for the last two years that have conveyed much the same Chicken Little "the sky is falling" advice. Luckily, I've paid the advice no mind and my portfolio is up 79% this year! If silver and gold are truly in a peaking bubble then all of our investor friends and family should have precious metal stakes, right? Do me a favor, go ahead and conduct your own informal survey. You'll find that 98%-99% of your investment buddies own zero gold and silver, especially the real physical bullion.
What many writers and talking heads fail to realize is that we are in a totally different investment paradigm now. The old tried and true methodologies that were based on a strong dollar and sound economic policies have been scrapped in favor of the money printing press and multi-trillion dollar deficits. The US dollar is headed for the trash heap of history and the very real possibility of hyperinflation is now no more than two years in our future.
I'll take precious metals like gold and silver that have been valued by all human societies for over 5000 years over your green paper funny money any day of the week!
Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.
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