Many of you invest in gold for different reasons. Some as insurance for the collapse of the dollar. Some for reasons it is beaten down and taking profit from stocks to put into gold from an asset allocation move for your portfolio. But what is it that is the eventual collapse of all currencies throughout the history of mankind? It …
Read MoreDec
21
2013
Why Gold and Silver Will Break to New Lows and Tax Moves to Capitalize Upon
By: Doug Eberhardt
Category: Gold
Tags: 2014 predictions, budget, Capital Gain, congress, deficit, GDP growth, GLD, Gold, Illusions of Wealth, national debt, new lows, sell gold, sell silver, silver, SLV, Taper, tax loss selling, Taxes, We the Serfs
We have seen the perfect storm come down on gold and silver this past week with the Fed taper, Congress agreement on the budget for two years and higher than expected GDP, but there is another reason why gold and silver prices are falling. This stems from the year-end tax moves that the big players in the precious metals market; Hedge …
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