By: Ken Williams
September 11, 2013
We are frequently asked where we see gold prices heading into the New Year. As fears over a war with Syria subside, we see gold prices in a slight decline. If we see the Fed tapering QE, this may also push gold prices lower momentarily.
Silver is outperforming gold due to industrial demand and we are suggesting clients move into silver for new purchases.
Our national debt and inability to pay even the interest owed on the debt continues to make physical precious metals a real safe haven.
The Fed may taper QE short term but Washington cannot survive without Fed cash infusion. Our debt based economy and fiat currency continues to show its true colors.
The answer to where we see gold headed over the long term is unequivocally up. True math works every time.
Gold Goliath is not your typical gold dealer.