We can only suggest buying physical gold and silver coins kept off premises....not bars, not ETFs, not paper metals futures or options. We would not be overly shocked to have the Goverbankers have eBay suspend auctions in these metals. Further imposition of coin dealer regulations and taxes could be expected as well as ratcheting up required margin equity on the COMEX. To 'protect the consumer', of course. Gold and silver CANNOT be permitted to be in the hands of common citizens and used as a competitor to debt paper money.
Indeed, gold short positions on the New York Comex are at levels not seen before this century. The last time speculators were betting against gold this heavily was back when the New York Times was hailing the genius of Alan Greenspan at the Federal Reserve, while Gordon Brown was preparing to sell half of Britain's gold reserve at what proved to be the bottom of the market.
Throw in the recent heavy outflows from gold exchange traded funds, and it's small wonder analysts are asking the question: what happened to all those calls for gold to go to $2000 an ounce and higher? Has the gold bull market turned?
Speculative investors have certainly turned on gold. But this is not the first time gold has been written off. In this video, BullionVault Head of Research Adrian Ash looks back to the 1970s, and a period when the gold price was cut in half, just as US citizens were allowed to own gold again for the first time in four decades.
In fact, gold performed so badly that Time magazine compared gold bullion to a rusty tin can...before bouncing back spectacularly...
Buy gold and silver at the lowest price possible:
Published on Mar 1, 2013
Gold has lost its shine in early 2013 as speculators build up massive short positions on the futures market.Indeed, gold short positions on the New York Comex are at levels not seen before this century. The last time speculators were betting against gold this heavily was back when the New York Times was hailing the genius of Alan Greenspan at the Federal Reserve, while Gordon Brown was preparing to sell half of Britain's gold reserve at what proved to be the bottom of the market.
Throw in the recent heavy outflows from gold exchange traded funds, and it's small wonder analysts are asking the question: what happened to all those calls for gold to go to $2000 an ounce and higher? Has the gold bull market turned?
Speculative investors have certainly turned on gold. But this is not the first time gold has been written off. In this video, BullionVault Head of Research Adrian Ash looks back to the 1970s, and a period when the gold price was cut in half, just as US citizens were allowed to own gold again for the first time in four decades.
In fact, gold performed so badly that Time magazine compared gold bullion to a rusty tin can...before bouncing back spectacularly...
Buy gold and silver at the lowest price possible:
