Ever wondered why there are so many billionaires and super rich people in the world today? Perhaps thought they’re not as rich as everyone believes, sure they’ve got more money but that money is worth considerably less than it was a few years ago.
This is the reason why the precious metals markets have been exploding over the last 6 months. The public is now starting to realise that a fatter wallet doesn’t now translate into being richer. And the proof lies with the following increases in broad money supply figures –
Australia + 9.1%
Britain + 11.7%
Canada + 7.7%
Denmark + 14.7%
US + 8.1%
Euro area + 7.3%
Summary
With there being no way for the governments to turn off the easy money supply Gold is going to at least $1,000+ and maybe far higher over the next several years. And the strategy for investing is twofold –
Don’t get involved in short term trading, buy for the long term and realise that there will be fluctuations against your positions
Don’t buy gold shares or gold itself on strength, instead wait to enter on the savage pullbacks which are a characteristic of all commodity markets
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