Analyst's note: Interesting! The old adage seems to hold .... follow the money. This article is a good read as you consider the question, "Are you prepared for the coming economic collapse and the next great depression?"
The big banks are breathlessly proclaiming that now is the time to sell your gold. They are warning that we have now entered a "bear market" for gold and that the price of gold will continue to decline for the rest of the year. So should we believe them? Well, their warnings might be more credible if the central banks of the world were not hoarding gold like crazy. During 2012, central bank gold buying was at the highest level that we have seen in almost 50 years. Meanwhile, insider buying of gold stocks has now reached multi-year highs and the U.S. Mint cannot even keep up with the insatiable demand for silver eagle coins. So what in the world is actually going on here? Right now, the central banks of the world are indulging in a money printing binge that reminds many of what happened during the early days of the Weimar Republic. When you flood the financial system with paper money, that is eventually going to cause the prices for hard assets to go up dramatically. Could it be possible that the banksters are trying to drive down the price of both gold and silver so that they can gobble it up cheaply? Do they want to be the ones sitting on all of the "real money" once the paper money bubble that we are living in finally bursts?
Over the past few weeks, nearly every major newspaper in the world has run at least one story telling people that it is time to sell their gold.
[....] Major banks over in Europe are issuing similar warnings about the price of gold.
[....] And even Asian banks are telling people to sell their gold at this point.
[....] A lot of financial analysts are urging people to dump gold and to jump into stocks where they "can get a much better return".
[....] But if gold is such a bad investment, then why are the central banks of the world hoarding gold like crazy?
According to the World Gold Council, gold buying by global central banks in 2012 was at the highest level that we have seen since 1964...
[....] the truth is that we actually started this "currency war". The Federal Reserve has been recklessly printing money for years, and even though we are now supposedly in the midst of an "economic recovery", the Fed is actually doing more quantitative easing than ever.
Anyone that thinks that gold and silver are bad investments for the long-term when the central banks of the world are being so reckless should have their heads examined.
However, I do believe that gold and silver will experience wild fluctuations in price over the next several years. When the next stock market crash happens, gold and silver will go down. It happened back in 2008 and it will happen again.
But in response to the next major financial crisis, I believe that the central banks of the globe will become more reckless than anyone ever dreamed possible. At that point I believe that we will see gold and silver soar to unprecedented heights.
Yes, there will be huge ups and downs for gold and silver. But in the long-term, both gold and silver are going to go far, far higher than they are today. [....]
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Better to learn NOW who the U.S. government is preparing to go to war with when our economy collapses.... Absolutely chilling ... and some of you were not listening. Will you listen now? What if just by chance, we are right in the need to warn you. Here are a few recent related articles to help you decide to take action to protect you and your family. We have done our best to warn
