When it comes to precious metals, most people only think to buy gold. On this particular day, I was after topping up my silver holdings.
Ice-Nine is a freeze of the financial system. It’s something that’s happened before, and it’ll happen again in the next crisis.
Not long ago gold was treated as money. Somewhere between baby boomers and gen X, gold stopped being a store of wealth and became an irrelevant investment.
It’ll preserve your wealth in the coming collapse and mitigate an “ice-9” freeze of your assets. You don’t have to be helpless when the crisis arrives.
When the price of gold is measured not in dollars but in rubles, yuan or rials, the percentage price increase in gold is even more impressive.
Monetary and political disorder is always good for gold. If Trump wins the election later this year, the price will go through the roof!
How will silver fare? We’ve seen it surge recently. Silver could be in the early stages of a bull market. Or a massive bear trap.
As I’ve been talking about the reasons why you should own gold bullion, many readers have written in asking how to buy the shiny stuff.
Everyone’s talking about the future of BHP Billiton [ASX:BHP]. Yesterday it closed at $17.48 per share. That’s 44% lower than its February high of $31.07 per share.
US markets surged by around 2%. Is this a sign that stocks have priced in, and are comfortable with, the rate rise story?