Ken Williams: “Gold Prices Continue to Decline On New Data” – Gold Goliath

Posted on :Sep 12, 2013

By: Ken Williams

Gold Goliath

September 12, 2013

We continue to see gold prices decline due to less risk for war with Syria and belief that the Fed will taper the 85 Billion per month bond purchases. Depending on which report we choose to believe, the jobless rate is either up or down. Over the past 12 months, seventy percent of the new jobs added have been part-time, low wage. While these numbers look good on paper, they will hardly lend effort in improving the economy.

Physical gold and silver holders are not taking part in the sell-off. There is still heavy purchasing for both metals, especially silver due to industrial demand. The mint is delaying orders on silver because they are having difficulty acquiring blanks.

Remember paper gold holders and those who own physical gold are polar opposites in their thinking. One follows the herd mentality and when Wall Street says sell, they sell in mass. Those owning physical precious metals stay the course and continue purchasing.

Inflation will continue to destroy the dollar because the Fed cannot stop printing money. We are past the point of no return.

Gold Goliath is not your typical gold dealer.

Visit Us On FacebookVisit Us On TwitterVisit Us On Google Plus