Of course, as has been said many times before, if you can’t
touch it, you don’t own it. This lesson
has been learned the hard way by those who have attempted to get their gold out
of Deutsche Bank.
Gold and silver have outperformed all other assets so far in
2016, with
silver being up almost 50% and gold being up nearly 25%. No better way of safeguarding one’s wealth
exists.
Former CIA analyst Jim
Rickards recently went on RT’s The Keiser Report with Max Keiser to promote his
new book, “The New Case for Gold”, in which he describes the modern reasons
for owning gold which differ from those of thirty years ago. He said on the show that investment of about
ten percent of one’s net worth into gold will be adequate to preserve one’s
wealth.
Personally, I believe that twenty percent in silver is a
much better proposition. Unless you are
rich, you won’t be affording gold in the first place. Silver is the gold of common folk, and thus
far this year silver has vastly outperformed gold and has the potential to do
so even more in the future.
Many have said that this precious metals bull market has
only just begun. While only time will
truly tell, it seems almost certain that this hypothesis will be proven
correct. With such unprecedented
monetary stimulus combined with geopolitical uncertainty, its difficult to
imagine any other scenario playing out.
Brexit, NIRP, terrorism, stock and bond bubbles….the list
goes on. All of these things, while
terrible in and of themselves, bode quite well for the precious metals
markets. The reasons will not be
elaborated upon here for each specific case.
Anyone can do further research on their own if desired. Put simply, all of these scenarios add to
uncertainty, which leads capital to seek safety. As stated before, no better safety exists
than physical silver and gold. Many have
begun to see this reality, and many more will do so in the near future.
Just eight months ago, silver was trading around 14 dollars
and ounce. Now it’s trading near $20 an
ounce. The big banks can no longer keep
the price suppressed through artificial means.
The cat has been released from the bag, and it has only just begun.
