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Why You Need to Be Long (Buy) Silver ASAP!
Alafia (Peace & Blessings) G&G Readers,
If you haven't taken my repeated advice to buy silver, the market just gave you an extraordinary reason to take action… right now.
In mid-October, about a coming rally in the U.S. dollar. Bearish bets against the currency were near record levels… and Ben Bernanke was telling the world he was ready to print money to prop up the economy. When a trade gets extremely popular, it's like a boat's passengers crowding themselves on one side of the ship. It's natural for the ship to tip over and throw them all into the water, then tip in the opposite direction.
Nowadays, stocks, precious metals, and commodities all tend to trade inversely with the U.S. dollar. When the dollar sinks, those three typically soar. When the dollar rises, those three typically decline. That's exactly what has happened with stocks and commodities lately…
Since the dollar is rallying, the rallies in stocks and commodities (which I predicted in September) have sputtered.
This is what makes the recent action in silver all the more impressive. You see, while silver was "supposed" to decline like stocks and commodities did, it actually soared to its highest price all year yesterday.
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With the falling dollar and the explosion in gold, silver, oil and other natural resource prices, you need to stay on top of your game and manage your “OWN Finances.”
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There's something important we need to take away from this situation…
When an asset doesn't decline when it is "supposed to" – if a company jumps 5% after it releases terrible earnings… or if a commodity shoots 10% higher after a major consumer says it won't use much of it in the coming year – it's a big bullish signal for that asset.
It tells you what you hear in the press or see at first glance isn't the whole picture. It tells you the fundamentals driving the asset are strengthening…
This is what just happened in the silver market.
More people are waking up to the fact that governments around the world have wrecked their finances… and that they plan to print money in order to pay for bailouts, entitlements, and welfare programs…(see Bernanke’s 60 minutes interview this past Sunday)…he lied so much he was shaking in his boots in fear of lightening striking him during the interview.
Now that folks are watching whole countries go bankrupt on the nightly news and reading how U.S. government spending is exploding, they are waking up to the idea of owning gold and silver as a "real money" way to protect themselves from these disasters.
Indians, Chinese, Europeans, Americans… you name it. They're buying gold and silver. They're buying these metals in such volume, you get situations in silver like we're seeing… It won't decline even when it is "supposed to."
This isn't to say that silver can't suffer a correction. Silver is a volatile asset. It's in its nature to go through booms and busts. But the long-term outlook is solid. I don't see any political will to stop the big spending and bailouts you hear about every day.
So if you haven't bought silver, go ahead and buy. Sure, it's climbed a lot in the past few months. But as we've seen in the past few weeks, there are incredible forces driving the metal up. As more people flock to "real money," silver is going to go higher.
If you need a one-on-one consultation, feel free to contact me to setup an appointment.
Until the next time,
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You are most likely aware that gold prices have been higher each of the last nine calendar years and have averaged about 15% annually. And, in this tenth year, The Wall street Journal reports that gold is now up 22%. This confuses most of the public, political scientists, scholars and journalists.
However, a true economist, using fundamental macro-economic monetary principals, can easily understand what has happened and what is in store. Seriously, is the astronomical growth in the monetary base of U.S. dollars, in which gold is denominated, any secret? A highly acclaimed book that is perceived as an ''easy-read'' for those who want to gain insights into this issue is titled AFTERSHOCK. It can be found on Amazon for about $15 at the following link:
http://www.amazon.com/Aftershock-Protect-Yourself-Financial-Meltdown/dp/0470481560
On Amazon.com, a reader from Houston said this about the book: ''I find this to be the most complete and comprehensive analysis of America's ongoing economic problems that I have thus far encountered. In addition: the reasoned deductions which the authors draw from their analyses are far ranging and logical; and, for the most part, the conclusions which they reach are well justified and difficult to dispute. So, if you are looking for a book that will give you some valuable insight into what is happening to the U.S. economy today, and why; which explains how the ultimate collapse of that economy and the U.S. dollar will take place; and which forecasts what the United States and the world at large will be like following that calamity, then this is certainly a book which you should read.''
If you sign up to become a 2 year or lifetime GGIS Subscriber, I’ll send you a free copy of AFTERSHOCK. So, sign up today so I can get you a copy of this must read book.
Ankh Uja Snb (Life, Health, Strength),
Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net
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P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. The recent dollar rally has actually given everyone some new opportunities to invest on the cheap. And currently, our GGIS portfolio is packed with great plays to kick-start your "anti-dollar" portfolio for 2010.
P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the “G&G Travel” link and let your travel planning begin. Let us know where you want to go and we’ll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.
LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.
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