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Fed Skeptics Seek Gold Safe-Haven As Bullion Bears Capitulate
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden / 02/18/2016 21:45 -0500
Gold is having one of its best starts to a year in history as investors start to lose faith in central bankers’ ability to deal with economic challenges. Fed skeptics as well as capitulating bullion bears are being drawn to the precious metals as Bloomberg reports,
“The safe-haven demand appears to be where people are focused on, and that is on a loss of faith in central banks being able to manage through this period,” said Klein, executive chairman of Australia’s second-biggest producer.
Bullion is “certainly getting more attention from people who have generally been bears over the past few years,” Klein said in a phone interview.
Even with the weakness of the last few days, Gold is still up 15% YTD – the best in at least a decade…
The post Fed Skeptics Seek Gold Safe-Haven As Bullion Bears Capitulate appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/19/fed-skeptics-seek-gold-safe-haven-as-bullion-bears-capitulate-2/
