by Steven St. Angelo, SRS Rocco:
The U.S. and world are heading towards serious trouble. The financial markets are being kept alive due to the monetization of debt on a massive scale. This has produced a huge dislocation in the fundamental valuation of assets.
Currently, stocks, bonds and paper assets are on the receiving end of this monetary stimulation, while the physical assets such as the precious metals & commodities have been beaten down to assist in lowering the already low manipulated inflation rate.
Investors who once thought the precious metals were a safe store of value, are now beginning to question their confidence in gold as the price continues to head down towards its low set in June. This is precisely what the fiat monetary authorities planned for and the public has taken it…. HOOK, LINE & SINKER.
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