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Gold remains best wealth protection tool

[Ed. Note: For the record, we’re getting as tired of these article titles as you are. The painful recent reality suggest that there is NO safe harbor from the criminal fiat system. Though we do understand that long term, history is on gold’s (and our) side.]

from BullionStreet:

As major banks and financial institutions continued to paint a dismal picture for gold this year, some analysts still bats for gold for its ability to remain as the best tool for wealth protection.

They said gold’s safe haven appeal cannot be deleted permanently,despite the metal extended its drop this year to 23 percent, as long as global economy remained volatile with lingering European sovereign debt crisis to top the list.

Gold has slumped into a bear market after 12 annual gains and its decline has shattered the confidence of those people who thought prices would climb indefinitely.

Some analysts however said gold remained the best solution against the backdrop of debt distress and fiscal pitfalls in the world and particularly in Europe.

Read More @ BullionStreet.com

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3 comments to Gold remains best wealth protection tool

  • Troy

    I’m not into gold, and will never buy it. I do love silver, and am saving money for the new Chris Duane Warbirds. I’m going to buy a bunch of those. Hopefully silver spot price goes down a little more before its released.

  • Ed_B

    “Gold has slumped into a bear market after 12 annual gains and its decline has shattered the confidence of those people who thought prices would climb indefinitely.”

    Please, show me ANY investment that has ever climbed “indefinitely”. There ain’t no such animal and never has been. Thinking that there is may be one of those comfortable illusions that people come up with to feel better about what they are doing with their money.

    The good news, of course, is that gold and silver are wonderful stores of value despite their short-term volatility. This is enhanced by the thought that both are ON SALE now, so this is the perfect time to be adding to one’s stash.

  • Glitter 1

    We’ve seen Gold and Silver in a manipulated market only!When the manipulation ends we’ll see the real assets in their element and behaving normally.Even if Gold were to stagnate 2-3 more years(and it won’t)it’s still up hundreds of percent over the last 12 years,Silver too.The Dow and S&P don’t even dream about G&S performance over that time period.

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