A Question of Confidence
If once you forfeit the confidence of your fellow-citizens, you can never regain their respect and esteem. ~ Abraham Lincoln
There is a clear question of confidence if you are riding in a car toward this financial cliff with no reverse gear, airbags or brakes.
Under those circumstances, it does make sense to at least have a clear windshield and view of all the possible outcomes, none of which are good.
The primary purpose for buying gold or silver is for preservation, protection and profit as well as survival from the destruction of paper money.
It's just that simple.
"Historically, overwhelming debt, excessive currency printing or the debasement of metal content in coin results in the gradual loss of confidence, faith and use in that currency. Eventually, this ends in the collapse of the currency or formal devaluation. A proportional rise of gold to compensate for that loss also occurs". ~ Anonymous
Clear, Credible & Convincing Analysis
On our free website, you will not find blue sky predictions, only clear, credible and convincing evidence. A published documented record is here.
Improvements in gold and silver prices are always in steps and considerable patience needs to be exercised while waiting for the next positive price trend to occur.
If you are waiting for the evening news to announce it is time to protect your assets, you will be too late. However, common sense suggests the best time to buy gold and silver are in retracement periods for maximum benefit, preferably -$100 or more from the most recent gold cycle high.
If you are waiting for the evening news to announce it is time to protect your assets, you will be too late. However, common sense suggests the best time to buy gold and silver are in retracement periods for maximum benefit, preferably -$100 or more from the most recent gold cycle high.
Gold as an Insurance Policy
In the meantime, it would be wise to consider gold first as an insurance policy just like you would for your car, home or health insurance.
The benefit of any further waterfall declines in gold prices provides a great opportunity to obtain substantial discounts on those “insurance premiums”. Make sure you are not too late insuring your own financial future since no one cannot predict exactly when that claim may appear.
Trader Garrett
Related:
Check Left Field
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Caveat
While past performance and probabilities are favorable, results are not guaranteed. Use these trade plans, stocks or comments at your own risk. All analytical content and commentary provided within or from this site is aimed purely to educate or inform readers on the potential technical and fundamental aspects and possible value of intelligent, mathematically based research tools and charts for due diligence purposes.
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