But here’s the key point, which I think will become increasingly important in the days and weeks ahead as this emerging market currency crisis deepens: In contrast to national currencies, physical gold does not have any counterparty risk. It is money you can hold in your hand. Gold is money you own.”
We are now in the final phase of liquidation and capitulation in the battered gold and silver sector. For those who have the mental strength to execute aggressive accumulation of physical gold and silver at these levels, on this final liquidation, it will provide the last of the cheap prices for the metals. When $1,400 is breached on the upside, the price of gold will move extremely quickly to the $1,800 level.
As for where silver will be trading at $1,800 gold, who knows? One thing is certain, it will be trading a hell of a lot higher than what is being quoted today. It is also important to remember that when the sh*t hits the fan, nobody cares about paper instruments, but across the globe they will accept gold as payment in any crisis, regardless of how bad the meltdown is.
We are now in the final phase of liquidation and capitulation in the battered gold and silver sector. For those who have the mental strength to execute aggressive accumulation of physical gold and silver at these levels, on this final liquidation, it will provide the last of the cheap prices for the metals. When $1,400 is breached on the upside, the price of gold will move extremely quickly to the $1,800 level.
As for where silver will be trading at $1,800 gold, who knows? One thing is certain, it will be trading a hell of a lot higher than what is being quoted today. It is also important to remember that when the sh*t hits the fan, nobody cares about paper instruments, but across the globe they will accept gold as payment in any crisis, regardless of how bad the meltdown is.
- Source, James Turk via King World News
