Thu, 15 December 2011
David Morgan and I discuss the orchestrated precious metals smash down. Volatility is the buzz word of the day. To long term metals investors, this type of slam down is a routine occurrence. It happens over and over again, and each time the mainstream media is shocked by the force of the action. Whether you believe that the end of civilization as we know it is upon us, or you believe that the world will find a way, these are extremely uncertain times that require everyone to be prepared for the most unlikely of events.
David still has a shine for many precious metals stocks, that he believes are trading at extreme discounts. It's times like these that require serious and seasoned investors to simply filter out the noise and concentrate on the fundamentals. And the fundamentals are unchanged and perhaps more favorable to the metal sector than ever before. Governments have gotten neither spending, nor debt under control and don't seem to be very inclined to do so in the near future. This means that until people and governments start to live within their means, not much is going to change and the outlook for gold and silver is quite bright.
So buckle your seatbelt, put on your earplugs and charge ahead. Silver at less than $30 and gold under $1700 per ounce is a virtual fire sale.
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