Guest Post By Bill H.
According to the MSM, the current correction in the metals must be the 20th “Bear market” for Gold and Silver in the last 10 years. Do you remember the last campaign? I think they called it “the death of Gold”
In the midst of Friday’s raid’s sending gold under $1600 and silver under $30, CNBC was back with the bear market calls: “has Gold lost its luster?” and “usually when Gold changes direction it stays that way for 20 years or more so it might be 2030 before we see $1,900 again“. Really? Are you people complete idiots? 20 years? What, 20 years to the downside but this bull market is a 13 year abortion? Forget about “time”, why has Gold rallied to the current levels in the first place over the last 13 years?
Just because the “made for TV” paper price of Gold and Silver are less today than they were 2 or 3 months ago it does not mean that they are less “valuable”. If you can understand this previous sentence and what I am truly saying then sit back, relax and enjoy your weekend. If you don’t…then re read it a few times until you do. If you still can’t understand it then, well, sell all of your precious metals investments and buy AAPL and Treasury bonds. At least you will “feel good”… until you don’t. On a side note, I have often thought that it must be a wonderful thing to be “oblivious” and not have a care in the world…