It seems like we’re back in the middle of the last decade, when people who warned about an unsustainable boom in house prices caused by cheap money from central banks were laughed at as gloom-and-doom pessimists – “or perma bears” to use one of the preferred terms of abuse. Now those same bears are warning about a coming dollar crisis, and again, they are laughed out of court. Don’t they know countries can just keep on living wildly beyond their means in perpetuity, with no bad repercussions? Silly people.
Gold and silver continue to mark time, with $1,480 and $24 continuing to mark points of selling resistance. This will be overcome, given the on-going transfer of metal from weak hands (primarily western) to strong hands (primarily Asian).
Read the complete article at GoldMoney here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.