I've always posited that when one buys gold or silver, one is competing against 3 billion peasants in Asia for said gold and silver. Now it looks like some Americans are finally catching on. More buyers entering the precious metals market means rising demand. In a backdrop where supply isn't growing, "price will take care of itself" - as Kyle Bass correctly stated.
Do not try to time this market. Gold has gone up for 12 consecutive years. Those trying to buy, sell, buy, sell are missing the point--and in doing so, are probably generating tax revenue for Uncle Sam.
Instead, BUY RIGHT and SIT TIGHT.
http://news.coinupdate.com/highest-ever-one-day-sales-for-american-silver-eagles-1796/
Wednesday, January 9, 2013
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