During the past two weeks v
olatility
has been historic and markets around the globe have been shifting
with unprecedented velocity. People may
argue what exactly is causing this turmoil, but when the DOW swings 3,500 points in one day, it should be cause for serious concern.
We're in the middle of an unstable
debt bubble
and a currency war that is intensifying
. Investors are realizing that China, the main driving force behind the global economy, is a mystery and Chinese stock markets are at risk of collapsing.
For the past two years, our clients have been wondering when precious metals prices will resume their rise, and our answer has
remained the same
:
"Timing this is impossible. However, as soon as sentiment changes, that's when you will begin to see the real shift. Until that time, steadily accumulate all you can before the metals really break-out."
Given recent events and instability in equity markets around the globe, i
t's very likely that the
shift in global sentiment is underway
. Massive
amounts of wealth have evaporated
in a very short period of time and the ripple effects
have not yet worked through the system. Only time will tell how this will play out.
Gold and Silver Near Multi-Year Lows
If you are considering acquiring more gold and silver, then you must look at this current pullback as a solid opportunity. Gold and silver have held up remarkably well through the recent stock market carnage and have taken a dip this morning due to a stronger U.S. Dollar.
During the last financial crisis, gold and silver fell initially but then rallied to historic highs in a very short amount of time. As prices fell, buyers were abundant and premiums for physical metal soared. Delays were rampant
across the industry as buyers rushed to take advantage of low price
s.
We are seeing all of these things happening today.
Inventories, availability, and premiums are changing rapidly. World mints have already put their distributors on allocation and buyers outnumber sellers 35 to 1. This is all setting up to be a perfect storm and we expect things to get tighter as we enter the Fall.
Right now certain products we deal in already have 4-6 week delays and order volume is picking up considerably.
Our suggestion is to take advantage of these prices. Silver is the only commodity that you can buy today for less than it was in 1980 and prices could triple from current levels and be under the highs touched in 2011. Gold, on the other hand,
appears to have built a solid base around $1,100 per ounce, and has held strong through the recent volatility in equity markets.
We have t
hree
products so that you can take advantage of today's low prices:
