The gold market continues to trend up on the back of a thirteen year bear market because investors who have seen the warning signs about the economy have sought refuge, and continue to do so in this traditionally safe haven. Gold and other precious metals have been the safe haven of choice for people to hold their wealth in and preserve their future security for thousands of years.
Thanks to the recklessness of banks and the inadequacies of politicians and their feeble attempts at leadership the world over, the global economy is in a meltdown situation which will only speed up as time goes by. The US dollar and the Pound, once both giants among currencies are virtually worthless and the least said about the Euro the better.
Buying gold is a no brainer; currencies and bonds are having their value inflated away. Fortunately for all of us savvy investors there are always gold and silver investments to fall back on.
No comments:
Post a Comment