What would you do if
you found $10’000’000 worth of Gold
coins?, not possible well
that’s just what happened to a very lucky couple in N. Carolina in Feb last
year. The find included 3 rather
decayed old tin cans full of over 1400 solid Gold
coins! Check out the article here Gold Rush
While I’m here, I may
as well give you a mid-week update on what’s going on in the precious metals
markets. Firstly a big
congratulations to both African Barrick Gold (ABG), and Savannah Minerals (SAV)
for some handsome gains in the markets this past 2 weeks; Most notably this
includes a massive 13% gain on their share price today for SAV. What is most interesting, is how
the wider market and fund managers are lightening their long investments and
buying into Gold ETF’s and physical.
In a look at the
fundamentals behind these moves, check out this Wall Street Journal article on
the current feeling towards Gold. I am telling you here
and now, protect yourself with PHYSICAL Gold & Silver and you financial wealth will weather the
pending economic turbulence ahead, Gold warns of economic gloom! The article warns of 3 worrying possibilities that may lie ahead:
1. China economy crashes
2. Inflation or
Deflation – (Both are damaging, and in my opinion, the former is a guarantee)
3. A new recession in
the Western world (3 periods of negative economic growth, How you may ask when
the government is reporting a reduction in the jobless figures and a boost in
house building…….. Its all fake and manufactured by cheap government lending,
lending that it cant afford, therefore has to stop, and when that stops, the
economic expansion stops!).
As the Gold & Silver price
progresses north it follows that Gold & Silver miners
share price will also reap exponential benefits.
Finally, I must
acknowledge the existence (technically) of Bitcoin. I do accept that Bitcoin has enjoyed a meteoric rise in the
past 12 months, and I also accept that there have been some amazing stories of
good fortune for early investors cashing in on £Millions because of the massive
% gains.
What I absolutely DO
NOT accept, is the comparison of Bitcoin to Gold & Silver. If you were considering Bitcoin as an
investment, I would just encourage you to read this article Bitcoin is fallible., which explains that the worlds largest,
therefore you would assume, most securely encrypted Bitcoin exchange has been
hacked and subsequently shutdown.
Losses are being estimated
to be circa $350 Million!
Physical Gold & Silver physically
EXISTS, its FUNGIBLE and it CANT BE HACKED! I’m not a fan and don’t support it.
Mokarimakka?
“If not us, who? If not now when?
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