James Turk, Chairman and Co-Founder of GoldMoney: “But remember, owning bullion or the mining shares are two entirely different things. Physical gold and silver are safe havens. They are money outside of the banking system, and do not have counterparty risk. In contrast, the mining shares are not money — they are an investment.
The important conclusion to draw from these observations is that physical gold is now in exceptionally strong hands, meaning that much higher prices are needed to convince enough holders of physical metal to part with their gold and hold some national currency instead.
It also means that things are spinning out of control for the central planners, Eric. In this regard, even though the Fed is buying $85 billion of paper every month, interest rates are still rising. This is clearly a sign that we are now at a tipping point. The market senses that the risk of dollar debasement is too great, consequently, conditions are looking much better for everyone who owns physical gold and physical silver.”
Read the complete article at King World News 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.