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May 6, 2011 / Jeb

Buy Gold and Silver on Dips

Federal Reserve Chairman Ben Bernanke will continue devaluing the dollar (UUP) by keeping interest rates at all-time lows and continue quantitative easing as we have not seen a major improvement in unemployment and housing. We are also entering an election year in which central banks do not want to rile the equity markets. Just because the S&P (SPY) has been soaring does not mean the economy is improving. Easy money policies will continue for an extended period of time to fight against current economic weakness. This is an environment in which gold (UGL) and silver (AGQ) will benefit. We are currently seeing a massive inflationary environment globally that has caused political unrest in North Africa and the Middle East, and rising costs in key emerging economies such as China and South Korea.

Read the full article with chart by clicking here…

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One Comment

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  1. straydog01 / Sep 10 2011 12:58 pm

    I recommend a savings account that is held in Silver and Gold rather than paper money. I have such an account at the following link https://silversaver.com/share/YU6HY/ It is a great way to invest in Gold and Silver and it is physically allocated in your name. Check out the site for more information. Happy Investing!!

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