So Is Now The Time to Buy Gold or Sell It?
Dr. Gary North is an Austrian Economist, and student of the great Ludwig Von Mises.
Gary North claims a perfect timing call when 2 weeks ago he suggested selling Gold (although keep your core holdings of physical Gold). His argument is that the Fed is actually contracting the money supply, which is deflationary, and that leads to lower Gold prices.
The Gold “Bubble” is popped
Dr. North further postulates that Gold was the one last bubble that Helo Ben had to pop, and pop it he did. North is suggesting that for every $50 drop in the price of Gold, you sell more.
Now I’m not here to give investment advice, let me make that clear up front.
And maybe Gary will turn out to be the genius here. But I’m not betting on it. Personally, I don’t think a 10% drop, in a HIGHLY MANIPULATED MARKET, with a quick 5% rebound, constitutes a bubble pop. In fact, I don’t think Gold – or Silver for that matter – are in anything even close to a bubble.
In point of fact, I would rather be BUYING every $50 down that the price of Gold goes, not selling.
When it comes to Gold stocks, Dr. North doesn’t want any part of them. That’s fine for him, he already has his fortune made and is of retirement age. And yes, Gold stocks are volatile. And in my experience, they can go down much faster than they go up. But physical Gold is really only for wealth preservation, not creation. The leverage of Gold stocks can, if you pick the right ones at the right times, create wealth.
That’s an important point so let me restate it. The RIGHT STOCKS at the RIGHT TIME.
Don’t expect to do that all on you’re little lonesome. Get help from those who know the business the best and actually travel the world putting their boots on the ground in some very out of the way places.
For a little less volatility, try a Risk Free Subscription to Big Gold.
For a bigger potential upside, with associated bigger volatility, try a Risk Free Subscription to International Speculator.
Both of these are from the experts at Casey Research, including the legendary Doug Casey himself.
