muses of the moment

September 7, 2011

Manic Depressive Markets

Filed under: DOW and S&P500, Economic Crisis, Fiat Currency, Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 12:43 pm

As to be expected in these uncertain times, the markets are up and down and sideways. Do not be scared out of your gold positions.

The markets will be up and down from now on as the global debt crisis morphs into a currency war and then a collapse of the global fiat currency system. Physical gold (and silver) are your insurance in a currency collapse.

Europe is not fixed, and the US economy is not getting better. The only option moving forward is to print money and swap bonds and currencies whenever a balance sheet needs propping up for a few months. This is NOT a solution.

In the meantime, all financial markets can only be described as bi-polar. For your own sanity, get out-of-the-way and hold onto (or buy more) physical gold and silver for the long term.

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