20 December 2011

If You Know This Gold-Euro Connection you wont panic every time price falls

Gold and Silver will counteract this currency devaluation. Thus gold and silver are the hedges against what is coming.  However, on the road to currency oblivion, inevitably we will see pullbacks in gold. These pullbacks will be because of two reasons: One is speculators—who are obviously riding the precious metals bandwagon—who will periodically get spooked and decide to cash out their winnings.  The second reason for these jolting pullbacks in precious metals will be because large institutions will need to cover their capital requirements, in the face of the collapse in the currencies.  Such as what is happening now.When this happens, you have to remember two things: One, it is momentary, and two, it is a time to buy.

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