Friday, May 5, 2017

The More Central Banks Print, The More Gold Silk Road Countries Will Buy

To ride a bull market is like climbing a wall of worry. Most of the time the market seems to be consolidating or correcting. The bull market in gold fits that picture perfectly. It started in 1999 at $250 but very few got in at the very bottom. We entered the market in 2002 at $300 with a very strong belief that the world economy and financial system would have unsolvable problems. Since then we have seen a very strong bull market interrupted by totally normal corrections. Admittedly, since the 2011-12 top, we have had a long wait but the uptrend resumed at the end of 2015, albeit somewhat slowly so far. The same happened in the early 2000s. Gold bottomed in 1999 but only took off in 2002. Most investors enter a market after a big rise and then often sit through a major part of the correction before they bail out. The best time to enter is when an investment is unloved and undervalued but few have the courage to do that. Instead they wait until the media st...

from GoldBroker.com https://www.goldbroker.com/news/the-more-central-banks-print-the-more-gold-silk-road-countries-will-buy-1116

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