I came across two very important articles from Kitco News (kitco). Unfortunately, these did not have share links. With this, I am posting them below. Gold values (and silver), it is reported, are being held back due to a lack of demand and fewer new buyers. Face it, the economy is bad, and sales are off because people, and even governments for that matter, have little cash to move around. Remember liquidity. While you want hard assets, having some cash on hand is important, too. The other article predicts rising values for next week, and for the year. While one prediction puts gold up to as much as $1500 by then end of the year, I feel these estimates are modest and will be much higher. These values are being compressed, almost pushed back, this by what I feel is refusal of people to face reality. Things can not be kept to look and feel like normal while the bottom is falling out for very long. A continually falling economy, global unrest, immigration woes, and domestic political instability will take their toll. When reality does set in, most people will in no way be prepared. When loosed, gold and silver values will rise much higher, and very quickly. Do what you can now to shore up your finances and at least get your foot in the door. You may still have a little time, but it is going to be a long, hot summer, this making for perfect fighting weather. Whats in your safe? Read further: kitco/news/2014-06-27/Gold-Market-To-Focus-Jobs-Report-In-Holiday-Shortened-Trading-Week.html kitco/news/2014-06-27/Higher-Gold-Prices-Forecast-For-Next-Week%20-Survey-Participants.html
Posted on: Fri, 27 Jun 2014 18:53:51 +0000
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