If you are “conservative,” and have your wealth in dollars, dollar-denominated assets and stocks, you are betting against the premise that the dollar will lose its valued Reserve Currency, or Petro Currency status, as well as the crippling inflation that will follow. The dollar not only “could” lose a third or more of its current value, we believe it will, but we could be wrong. If we are correct and if you buy gold & silver at THESE prices, I suggest it will be one of, if not the best investments you ever made. The payoff is just a few years down the road. If you are wrong, you will experience a gut-wrenching loss in value of your assets. Kind of like the “you have everything to gain and nothing to lose” scenario.
Really, folks, be logical. Look forward and see if you can come up with a more logical scenario than falling economy, Fed intervention in the form of QE to infinity, pumping dollars into the economy to save the banks, the economy and the administration; the inflation that follows; the rise in gold and silver that accompanies the falling dollar and rising inflation.
If you can come to any other conclusion, one that you will RISK your net-worth on, then by all means, please do it. Otherwise, move dollars into PHYSICAL gold and silver, and eliminate the risk (and it is a BIG RISK).
Tuesday was another down day for gold, with another waterfall drop precipitated by a non-for-profit seller, but it is still hovering above $1600 as I write this. Just bouncing around in the same old trading range, biding its time until it makes its move. Shouldn’t be too long now.