Spot Gold … Buy The Dip?
crystalline gold
This may be the last time to buy a dip this low in price for spot gold. Much larger premiums on gold coins and bullion are building. The trend is for higher priced gold and under priced derivatives. The dollar based gold derivative markets have grown so large and have become so integrated into hedging dollar assets, that central banks will band together to crush any sizable delivery demand – forcing cash outs only.
This portends a decoupling in the price for bullion versus the price for paper gold derivatives. Recent actions this past Autumn in the London gold market prove this to be the case – a 20% premium was offered to settle a demand for delivery for cash. Those that believe their gold ETF contracts constitute owning gold are in a pipe dream. Much higher precious metals prices may be close to hand.
Remember when all you heard was realestate never goes down so “invest in realestate” Now the dollar “is the safe haven” it can’t go down either! Wake up! Anything can happen! Realestate has not hit bottom “YET” when it does it will be 20 years or longer to recover what has been lost in realestate values in the last few years. People have to go back to work,rebuild their credit and banks have to heal and start making sound loans based on facts, not estimates.It won’t happen in a year or two, even Obama says things may get worse before it gets better! Good Luck! God Bless!
Herkimer Diamonds