by Greg Hunter, USAWatchdog:
Precious metal expert Rick Rule is not worried about the recent smack down in gold and silver prices. Rule is motivated by wealth protection. So, the price decline is a “nonevent.”
Rule asks, “What are the alternatives? Perhaps you’d like to buy a 30-year U.S. Treasury, something Jim Grant famously described as a return-free risk.” Rule thinks the financial world is far from healthy and says, “I have extreme nervousness in regards to a collapse. . . . The only way we could avoid collapse is if we inflate away the net present value of our obligations. In both sets of circumstances, I am personally more comfortable owning precious metals than not.” Cyprus is a stunning example of why people should store some wealth in precious metals.
Please follow SGT Report on Twitter & help share the message.