Gold prices drop on technical trading Friday to a 3 month low. There is a very likely possibility that we will continue to see gold prices suppressed for the coming months as investors try to stay ahead of the game. We expect to see more of the same into 2014. This is creating a buying opportunity for those looking to protect their wealth long term.
Listed below are important facts to remember.
1. The Fed continues to create the largest bond bubble the world has ever seen.
2. Over the past 12 months, 70 percent of the jobs added in the U.S. have been part-time low wage. These can hardly heal the economy.
3. Washington cannot pay its debt without Fed money. This assures us that our national debt will continue to grow and inflation will decimate the dollar.
4. Wall Street cannot stand on its own legs. Without Fed money, the markets will drop heavily.
5. Central banks continue to protect their wealth with physical gold.
6. Physical gold and silver are what they always have been throughout history. They are insurance against fiat currencies and inflation.
God Goliath is not your typical gold dealer.