This Article is About
gold
financial calamity
doom and gloom
financial turmoil
lehman brothers
history of gold
precious metals
gold rush
smart money
gold and silver
negativity
In Gold We Trust
Join 1000's of Authors at StreetArticles Today!

Twenty or so years from now, we may all look back and call these times 'The Gold Rush of the 21st Century'.

There has never been a time in our short country's history (as compared to the history of Gold) that the greatest amount of transfer of wealth from the US Dollar (or any currency for that matter) to the 'Almighty King of Gold'.

Over the past ten years smart money investors have been quietly buying and holding as much Gold as they financially can afford. Countries like China, India and Germany have been strong buyers as well. Private and smaller investors have just recently started to recognize the Power of Gold notwithstanding the negativity about Gold coming from wall Street.

A recent article in a prominent New York based publication about gold and silver demonstrated that on Wall Street they simply don't understand much about precious metals.

These so-called gurus in the Wall Street world are nothing more than Skeptics who are now questioning gold's qualifications as one of the few shelters from financial doom and gloom. They have convinced some investors to worry about whether this is the end of gold's spectacular surge. They foolishly based this on the fact that September was the worst month for gold since Lehman Brothers collapsed in October 2008.

They said, "If you bought silver or gold in August, you were financially injured in September." They were right on that point, however, they fail to mention that you buy precious metals not only as an investment but also as insurance against financial turmoil over the longer term. You shouldn't have sold your silver or gold when it corrected in September, you buy more on the corrections and cost average up. Like any insurance, gold and silver's value will pay out over the longer term, not day by day or month by month.

Remember, Gold and Silver is not a general hedge against financial calamity; it is a hedge against the loss of the purchasing power of our and the worlds paper money. It's the opposite of paper.

Don't listen to these precious metals Bears. They were wrong when Gold went from $500 to $1,000 and they were wrong again went it went from $1,000 to $1,500. They are wrong again now. Start or continue buying Gold & Silver as long as it is in a correction phase and even as it starts to move up.

Down the road your friends and family will boast about how smart you really were and you will say to them "In GOLD We Trust."


Street Talk

No comments present
You May Also Like
Easy Ways to Make Gold In Cataclysm
In World of Warcraft, Gold is becoming an increasingly important part of the game. The current number of subscribers is over 10 million and growing. It's becoming very competitive and difficult to make gold in cataclysm. But everyone wants to fill their bank quickly and earn gold. And to make…
By: Tim Parisi in  Gaming  >  Online Gaming   May 08, 2012  
0
  Likes: 0

Why own Gold?
There are numerous reasons for you to own gold. It provides some protection against depression and inflation. It can be seen as insurance in scary economic times. Gold is a commodity valued on a global level. It is usually in demand and has consistently held its value throughout history. A…
By: chris13 in  Investing   Oct 10, 2011  
1
  Likes: 1

How To Select The Best Place To Farm Gold In Cataclysm
Are you looking for the best place to farm gold in Cataclysm? Well, every player has their own methods to make gold and the best place for one player, might be the worst for another. Anyway, depending on certain factors, you can select the best place to farm gold in…
By: Phillip Rilen in  Gaming  >  Online Gaming   Jun 09, 2011  
0
  Likes: 0

Gold Vs Silver: Which Is The Better Investment
Should you buy gold or silver If you’d bought 1ounce of gold 10 years ago you would have paid less than $300, today's gold price is over $1600. In 2006 1ounce of silver would buy over 4 gallons of gasoline, today it will buy over 10 gallons. It seems evident…
By: Penny Black in  Investing   Apr 13, 2012  
22
  Likes: 5

The Sharp Lc40le830u - Worth Its Weight In Gold Or No
Why is the Sharp Lc40le830U 40" LED hdtv an option to be considered when you are looking for a good HDTV to either recommend or to own yourself? Maybe a friend is asking your opinion before they make a buying decision or maybe you are taking a look at buying…
By: Randy Edwards in  Computers and Technology  >  Personal Tech   Aug 31, 2011  
0
  Likes: 0

How To Farm Gold In Wow For Low Level Characters
If you have a low level character and need lots of gold to help you get the armour and weapons you need to level up, one of the tactics you want to learn is how to farm gold in WoW. This is the practice of collecting a commodity to sell…
By: Tim Parisi in  Gaming  >  Online Gaming   May 09, 2012  
0
  Likes: 1

Maximum Gold With Minimum Mining In Cataclysm
I think all knowledgeable players in the World of Warcraft MMORPG know that if you have a commodity that is in demand, but scarce at the Auction House, you have a gold mine. One of the best such commodity’s is jewels and ore from the profession Mining. This entails taking…
By: Denise Durband in  Gaming  >  Online Gaming   Jun 04, 2012  
0
  Likes: 0

So Many Gold Making Guides For Wow! Which One Do I Choose?
When I first started playing World of Warcraft some years ago one of the biggest hurdles I faced was raising enough gold to fund my journey through Azeroth. Whilst the more seasoned players made making gold look easy, I was constantly struggling to raise enough funds just to re-equip myself…
By: Ricky4 in  Gaming  >  Online Gaming   Jul 12, 2012  
1
  Likes: 1

Silver-the Poor Mans Gold
When one thinks of investing, he or she typically thinks of the stock market. Stocks and bonds have always received the most attention in the media when it comes to investments. Well, things are starting to change. Gold and specifically Silver are now becoming very strong investments that will allow…
By: Scott Oberholser in  Investing  >  Futures and Commodities   Aug 10, 2011  
0
  Likes: 1

Protect Yourself When Buying Gold
Throughout history, gold has been treasured, and as such, has always been a top choice for investing. With the value of gold as high as it is today, it is becoming more important than ever that you protect your investments and know you are actually getting what you paid for.…
By: Leon Madrid in  Investing   Apr 28, 2011  
0
  Likes: 1

Gold Panning for Fun
If you enjoy cool rocks and other minerals that are found along stream beds or even hiking trails, so many times I have picked up a rock just to study to see what it has to offer. I think of the times back when some of the first people would…
By: J.C. Higgins in  Recreation and Sports  >  Fantasy Sports   Mar 06, 2011  
0
  Likes: 0

How to Pan for Gold
I have put together a few simple steps on how to pan for gold, just to help the new guy get started. Panning for gold isn't all that hard at all, just take your time and start out slow. Here are a few simple steps to help any one get…
By: Joe2 in  Recreation and Sports   Mar 09, 2011  
0
  Likes: 0

Selling Gold for Profit
Many people think that selling gold for profit is a difficult process. I want to let you know that’s not true. There is nothing hard about selling gold, especially if you are uneducated about the process and don’t really want the best price for your gold. Yet, if you want…
By: Vickie Jimenez1 in  Finance  >  Wealth Building   Aug 19, 2011  
0
  Likes: 0

Going for Gold With Goals
Many of us have an idea of what we'd do with a successful business providing the funds necessary to have all the "toys" people buy when that level of financial freedom is reached. The ability to live that lifestyle always seems years away; after I get my degree and work…
By: CurtisJ75 in  Internet and Businesses Online  >  Internet Marketing   Jan 04, 2012  
0
  Likes: 0

5 Tips For Storing Gold At Home
No other asset class has performed as well as gold has in this century. As a result, record numbers of people are buying gold and often storing gold at home. Now, for clarification, this article will speak of gold in a sense meaning precious metals. Whether you buy gold, silver,…
By: Roger Bond in  Investing   Jan 11, 2013  
8
  Likes: 8

Article Views: 1379    Report this Article