Is it still there? Did the number of ounces you own decrease by 20% in the past 30 hours?
For owners of paper with calls, options, etc, you are currently in a different situation. We hope you bought time or else you are facing massive losses.
This week should make crystal clear why we advocate owning PHYSICAL gold and silver.
I am not scared or upset in the slightest. I slept like a baby last night.
Please realize that NOTHING HAS CHANGED.
The market sell-off is occurring while all of Europe appears ready to head down the tubes.
Long term, exactly how is this not bullish for gold and silver?
You are currently experiencing a knee jerk liquidation of PM's induced by PAPER contracts.
Those holding physical gold and silver are doing so for the coming fiat destruction.
The current bounce in the US dollar is TEMPORARY and is a result of the Euro going to hell in a hand-basket.
Are the US finances suddenly fixed? Or has the debt limit been reached again only 2 months after the new agreement was reached, with Congress at another standstill.
Stand strong, and BUY WHEN THERE IS BLOOD IN THE STREETS!
Those who bought into the $8 lows in 2008 were amply rewarded.
As nothing has changed and silver and gold's bullish fundamentals have only increased since then, we see no difference this time for those who buy PHYSICAL and patiently stack and store for the long term.
Have a pair.
BUY THE BLOOD.
Would you rather go long the dollar today, or physical gold and silver?