11 October 2017
Political developments from every nook and corner of earth make me believe that I should increase my contingency fund and also increase the allocation to physical gold. Short term corrections (if any) are a part and parcel of a long term bull rally. The pace of rise of gold and silver will be slow till the end of next year. Gold and silver are not for make a quick buck and vanish. Hit or miss traders should trade in bitcoins and not in gold or silver.
The world is on the verge of total chaos due to some maverick politicians in every nation. Protectionism and bilateral trade are on the rise. The global banking system should collapse in the next five years. Nations will not be able to protect their ‘too big too fail’ banks. Your money in the banks could turn into a bad debt for you. So I will prefer to invest in physical gold and silver. Why not buy some copper utensils and silver utensils for your home as a part of investment diversification. Health and investment side by side.
This post was published at GoldSeek
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