by David Schectman, MilesFranklin.com:
Just about the time I was starting to wonder what happened to Larry Edelson, up pops his latest release. He starts off with the prediction that the bull market is not over and gold will top $5,000 but first, gold will test the $1,000 level by the end of the year or by next spring – then, off to the races. As for silver, he says it could drop to $12.50.
Should prices continue to fall, that will be good for our business. We always do better when prices fall, especially when they are this undervalued.
Our clients do not speculate on gold; they do not buy it for short-term profit or to trade it. They buy it as a hedge against the insane policies of the Federal Reserve, dollar debasement and a hedge against any number of things that can (and probably will) go wrong.
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