Sunday, May 01, 2016

A Few Facts About Gold That 
Nay-Sayers Conveniently Ignore
Graham Summers points out that between the year 2000 & today, stocks have been in two of the biggest stock bubbles in history. Over this time period the Fed has done almost nothing but prop stocks up by printing money or maintaining interest rates far below where they should be .. lists 3 reasons why the mainstream media & the banking sector don't like gold"
1) Gold doesn’t generate any revenue for financial institutions (brokers, investment managers, etc.)
2) Gold doesn’t benefit the banks, as you can store it if your own safe.
3) Gold and its performance run counter to the view that you can generate wealth via money printing.
"At the end of the day, buying Gold represents pulling your money from the financial system… which is the last thing the Fed wants anyone to do. Meanwhile, as Central Banks turn up the printing presses again, Gold is once again beginning to show signs of life, turning upwards against all major currencies. We believe the next leg up is about to begin for Gold. Those who remember the last Gold bull market in the ‘70s, it was the second leg of Gold’s bull market that saw the most gains. From 1970 to 1974, Gold rose 550%. It then took two-year breather before beginning its second, much larger leg up. During that second leg, it rose over 900% in value. If Gold were to stage a similar move now, it would rise to over $10,000 per ounce."
LINK HERE to the commentary

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