While gold slowly pulls back and begins to test its yearly lows, I want to remind everyone that overall I am about as big a believer in gold as you will find. I just don’t use all the reasoning that most do for buying gold, like “the dollar is going to crash” or we are going to experience “hyperinflation.” No, we are not Zimbabwe and our currency the dollar is not going to crash anytime soon. Could I convince someone that the dollar was going to crash? I’m pretty confident I could, lol, but I’m one who tries to understand all sides and I write what I write based on my own research.
For those who want to understand what I mean I suggest you review praxeology and its relatoin to economics here: http://www.economicsjunkie.com/praxeology/
I am not an expert in understanding human action, but I have almost 30 years now of understanding financial advisors and why they say what they say, and also buyers of investments and their understanding of what they think they know. For the most part, both camps don’t know much. This doesn’t mean that I am “all knowing;” far from it. I do know enough to represent both sides of an argument when it comes to investments, and that’s what I try to do in explaining my thoughts on precious metals.
I see overall weakness in metals right now and have to wonder what would push metals up right now. I’m finishing up my section in my next book “Illusions of Wealth” that has to do with Europe and Japan, which represent just over 70% of the U.S. dollar, and I have to tell you, they are messed up. Whether it be banking or aging, or welfare promises, or migrant, or nuclear, or what have you, they are disasters waiting to happen. The U.S. dollar should take off.
I am pushing hard to get this book finished because of what I see coming. Timing is everything with one’s investments and I simply want everyone to see what I see and make adjustments to their portfolios accordingly. I want investors to keep and grow their wealth and as we move forward it is going to be harder and harder to do so.
If you have not signed up for the book “Illusions of Wealth,” you can do so by clicking the link below.
A primer for this book is Chapter 4 of my first book Buy Gold and Silver Safely.
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About Doug EberhardtDoug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
Disclosure:
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.
All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.