Good call. :’)
Here are some questions investors should ask today regarding Gold and other PM’s ( Precious metals ) :
* Why should Federal Reserve Notes reverse their slide since 2001 when the Fed uses every opportunity to crank up the electronic printing press?
* Both the Fed and the ECB have been lamenting a worrisome inflation outlook for some time now. Have they enacted a single (tightening) step since? (I am talking action, not empty words.)
* Can you see any structural improvement in the triple US deficits?
* Do you think commodity prices in general will descend again in a world where some 3 billion Asians will have evolved from paupers to car-buying consumers soon?
* Did you come across any news that South Africa has yet found a way to solve its energy crisis that severely cut PM output?
* Do you have a clear picture on the physical PM demand in the Eastern hemisphere?
* How many of the last 100 persons you spoke to have actually invested in gold/silver yet?
* Do you think the banking crisis is over or will we see more failures?
* Oil hit $100 before correcting to $88 earlier this year and nobody forecasted the end of the 7-year uptrend. Why are MSM so quick to call the death of the PM bull market, now in its 8th year too?
* Relating to gold’s 11% drop this week: Did capital markets stabilize by 11% in the last 4 days?
* Can you name another asset class that is a store of value in itself and not somebody else’s obligation.
* Did gold ever lose its value in the last 3,000 years?
* Global gold production may actually fall this year below 2,500 tons while demand hovers around 5,000 tons. Is this good or bad for prices?
* Short positions in COMEX gold and silver have kept rising through the latest record advances. Who are those “investors” that can afford to short such markets without running into serious margin calls?
* Assuming you hold bullion: Have you sold any of it or are you keeping it in the vaults despite the recent hammering?
Assuming you do not hold bullion: At what price will you allocate 3% to 10% of your assets into PM’s?
* When do you think that other investors will raise their asset allocations in favor of PM’s?
* Have you discovered another inflation-proof asset recently?
Just some food for thought...