Most people seem to fall into two disparate camps when it comes to gold and silver –
1. Goldbugs, who can cite a litany of well-reasoned and long-held beliefs explaining why gold and silver always have been and always will be a great holder of value.
2. Goldbears, who can cite a litany of well-reasoned and long-held beliefs explaining why gold and silver always have been and always will be a risky if not outright silly way of gambling on greater fools.
As I always preach, there’s no place for dogma when it comes to your money. You don’t have to be a conspiracy-theorist, anti-Fed, dollar bear paranoid to decide that putting away some physical gold and silver for the long-run is for you. Likewise, it’s always a good idea to be judicious about when and why and at what price you’re willing to buy something, and gold and silver are no exception to that.
At this point in time, with gold and silver prices down big from their recent highs and with all the ramifications and endgames of Wall Street, Washington, and global policies, especially since the 2008 TARP Bailouts changed everything, I am indeed …