Bad News for Those Interested in the Prices of Gold or Silver
The bad news is: there are no real prices of gold and silver available in the World today.
It is useless to follow the investment recommendations put forward, all in good faith, by individuals such as Peter Schiff.
The prices presented by the Media in our world are determined by a small group of individuals in London and New York; this group decides each and every working-day, what the prices of gold and silver are to be that day.
That daily decision has nothing to do with a “Market” for these metals.
The section of Kitco.com devoted to comments regarding the markets for the precious metals is perhaps entertaining, but otherwise worthless.
Some days, the prices of these metals are allowed to rise, and the hearts of gold and silver investors go “pitty-pat”. But following that rise, comes a collapse – investors who purchased metals earlier in the day, are now losers.
Then, other days, the prices of the precious metals are falling and investors rush to sell their stock of metals, to avoid futher loss; the suddently, the price turns around and goes up a bit. But the investors have now liquidated all or part of their stock, and cannot benefit from the rise.
The real purpose of the precious metals markets of today is TO CONFUSE THE PUBLIC.
This “Confusion as a Goal” of broadcasting fictitious prices of the precious metals has allowed the Dollar to survive as long as it has, as the World’s No. 1 currency.
There is one way – and ONLY ONE WAY – to profit in the precious metals markets: you buy, at whatever the price is, when you wish to buy, and take possession of the metals you have purchased.
You put your purchase away, shut up about it, and WAIT. You MAY die before the price of the metal you bought, goes up and stays up. On the other hand, if you are still breathing, and the Dollar has died and gone to Hell, what you will be able to purchase for one ounce of gold will prove to be the very great surprise of a patient life.