All Star Economic News

[al44]

I have never done a derivative of any kind, nor margin. I have always advocated holding the physical and not any paper gold and silver. Precious metals are more than a hedge, they are insurance. Insurance against unscrupulous politicians and bankers that think they can just run the printing presses printing all the fiat currency they desire. No matter what happens to the paper price of gold and silver, my accumulation looks the same at $700 or $3000 an oz. What we're seeing is paper gold being caught in the selloff to facilitate redemptions from funds. It's just a temporary situation IMHO. When all this electronic credit being helicopter dropped from central banks the world over gets fully monetized, look out above.

.......al