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FSN: Robert Mish: Front-Line Observations from a Seasoned Gold & Silver Bullion Dealer
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
The game is finally changing
by Adam Taggart
Chris Martenson’s Peak Prosperity
Spikes and plunges in the U.S. dollar price of gold; this is not new. It goes back to the early 1970s. We remember that for most of the past 40 years, physical gold and silver investors, particularly in the U.S., tended to chase big rallies and buy late, while too often selling after plunges or after long periods of price erosion. Gold was sold then primarily as an inflation hedge. When it was working, speculators bought much more. When it stopped working as an inflation hedge, they first became puzzled and frustrated, then fearful, and they sold out at bottoms.
So, fast-forward to this month, and today’s gold community starts to look a bit different as the breakdown below previous gold and silver price support levels began, and especially last week, with gold going below $1400. Physical buyers were outnumbering sellers in our store by at least 5 to 1. And some of the unfortunate sellers had not changed their thinking about gold long-term; they just needed fast liquidity, which is another benefit of gold.
80 – 90% of the people who have bought gold from us in the last two weeks on the drop were already gold owners, already gold savers.
Their attitude is, gold is on sale
Continue Reading at PeakProsperity.com…
2013-04-27 13:02:27
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