ximmy
18th October 2011, 07:16 PM
A good read!
Every bull market has pullbacks. Sharp sell offs can generate fear and panic, causing investors to sell at the worse possible time.
Steep and sudden price declines are characteristic of any long term bull market. Speculators and investors with short term perspectives wind up selling instead of adding to positions during the buying opportunity that arises from panic selling....
We have recently witnessed what some are referring to as a "crash" in the gold market, with bullion dropping suddenly by $300 per ounce. Although a rapid depreciation in the price of gold by over 15% can be painful, especially if new positions were initiated prior to the sell off, the decline should be of minor concern to long term gold investors....
Gold is the only defense against fiat currencies which all ultimately fail and the day of reckoning may be sooner than many think. In his new book "Suicide Of A Superpower", Patrick Buchanan makes a compelling case that America could collapse financially before 2025....
1. America's problems are "deep and endemic".
2. Half of the American population are "tax consumers" rather than tax payers and thus have no incentive to support reduced government spending.
3. American society has lost its moral foundations and its sense of right and wrong.
4. The widely different views of the major political parties cannot be reconciled and America thus faces a "Balkanization" that will further contribute to the breakdown of American society.
5. America will soon become California - bankrupted by the demands of "tax consumers" who will always demand more. By virtue of their majority status, the "tax consumers" will elect politicians who promise them the most, thus ensuring the bankruptcy of America.
The decline of America that Buchanan warns about is already well underway. From a long term perspective, that is all gold investors really need to know.
http://goldandsilverblog.com/golds-long-term-trend-is-up-as-america-commits-suicide-0321/
Every bull market has pullbacks. Sharp sell offs can generate fear and panic, causing investors to sell at the worse possible time.
Steep and sudden price declines are characteristic of any long term bull market. Speculators and investors with short term perspectives wind up selling instead of adding to positions during the buying opportunity that arises from panic selling....
We have recently witnessed what some are referring to as a "crash" in the gold market, with bullion dropping suddenly by $300 per ounce. Although a rapid depreciation in the price of gold by over 15% can be painful, especially if new positions were initiated prior to the sell off, the decline should be of minor concern to long term gold investors....
Gold is the only defense against fiat currencies which all ultimately fail and the day of reckoning may be sooner than many think. In his new book "Suicide Of A Superpower", Patrick Buchanan makes a compelling case that America could collapse financially before 2025....
1. America's problems are "deep and endemic".
2. Half of the American population are "tax consumers" rather than tax payers and thus have no incentive to support reduced government spending.
3. American society has lost its moral foundations and its sense of right and wrong.
4. The widely different views of the major political parties cannot be reconciled and America thus faces a "Balkanization" that will further contribute to the breakdown of American society.
5. America will soon become California - bankrupted by the demands of "tax consumers" who will always demand more. By virtue of their majority status, the "tax consumers" will elect politicians who promise them the most, thus ensuring the bankruptcy of America.
The decline of America that Buchanan warns about is already well underway. From a long term perspective, that is all gold investors really need to know.
http://goldandsilverblog.com/golds-long-term-trend-is-up-as-america-commits-suicide-0321/