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February 20th, 2010 Leave a comment Go to comments

Article I Section 10 of the U.S. Constitution

No State shall make any thing but gold and silver coin a tender in payment of debts.

Earn FREE Silver! -- “Silver Snowball”

 

gold and silverWelcome!

If you are new to gold and silver investing and would like to know more about gold and silver, you have come to the right place.

In my posts I give lots of information related to investing in gold and silver, how to buy gold and silver, why to buy gold and silver, gold coins, silver coins, gold bullion, silver bullion, American gold coins, American silver eagles, American gold eagles, gold price, precious metals, mining stocks, ETF’s, and many more related topics.

Do not invest in precious metals until you check out my posts on physical bullion and gold & silver coins. Maybe you are already an investor but would like to broaden your knowledge on gold and silver. I provide many in depth topics related to the precious metals industry.

Bob Chapman on Gold

Gold and silver have currently just finished the first leg up in a 20 year bull market which started in 2000. In fact, as recently as the year 2000 gold was selling at around $250/ounce and silver at around $4/ounce. As of today, gold is selling at around $1,050/ounce and silver at $17.50/ounce. That’s over a 400% profit, and the fundamentals show that this isn’t even a drop in the bucket compared to where the metals will go over the next few years.

Gold’s inflation adjusted price puts it at over $7,000/ounce. You did not read that wrong. Many economists agree that gold is going to go to the stratosphere due to the lax printing practices in Washington.

The dollar is losing value fast due to our government inflating the money supply, and countries around the world are scrambling to get out of dollars and into gold. In fact, China just legalized the public ownership of gold and silver bullion a few months ago due to their concerns that the dollar will collapse.

We are already seeing social unrest all over the world, and large numbers of people in the U.S. are out of work. The official unemployment rate is around 10%, and people are looking for a safe place to store their money in this economy. People are getting desperate, and as currencies around the world continue to fall, people are turning to hard assets to preserve their wealth. The only hard assets that have stood the test of time for over 6,000 years are gold and silver.

As our government continues to run the propaganda machine about the so called “bull” stock market, people are growing wary of paper assets. As our government and greedy corporations rob the American taxpayers, people are looking for some way to preserve their wealth, and gold & silver are the only viable option available.

For centuries, governments have inflated their currencies out of existence, and each time people have returned to gold and silver as a means to preserve their wealth and hedge against inflation.

For your own safety it is important to educate yourself on these topics. Gold and silver could save you from a lot of unnecessary pain and suffering. If you wait for the precious metals mania phase to hit, it will be too late to buy in. Economists are expecting a mania phase to hit comparable to the 1972-1980 gold and silver bull market.

I can say with confidence that gold and silver will outperform any other asset class over the next 5-10 years. Just look at the 400% returns in gold and silver over the past 9 years. What else is making close to that in returns.

It’s important to note that this bull market is just getting started. Gold and silver are still way undervalued.  Just take a look at my one of  my gold and silver investing  posts, or click on a gold or silver category in the sidebar to learn more.

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