by Andy Hoffman, MilesFranklin.com:
Last week, I was sent an email asking when will be the appropriate time to sell PHYSICAL gold and silver. After all, the goal is ALWAYS to “buy high” and “sell low,” isn’t it? Actually, that’s a trick question, as “buy high/sell low” only pertains to investments – NOT savings. Given that PHYSICAL gold and silver represent REAL MONEY, they should decidedly be classified as the latter.
Throughout the recent Cartel bombing, calls for the “end” of the PM bull have been shrilly cried by the “evil troika” of Washington, Wall Street, and the MSM. But why wouldn’t they; as gold and silver are the mortal enemy of their fiat-generated power base? For my entire “TEN YEARS (soon to be eleven) of HEAVEN AND HELL” this process has been ongoing; with each successive episode occurring amidst a still more bullish PM landscape. Thus, clearly “WHEN TO SELL PRECIOUS METALS” is not now.
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