Thursday, February 21, 2013

Hold Fast?

This in today from Chris Martenson at Peak Prosperity:

A Time to 'Hold Fast'

It's only human to have your confidence shaken when the market acts so completely differently than you think it should for so prolonged a time. Chris and I feel the same pain, both constitutionally as well as in our wallets, as much of our net worth is invested in the PMs.

But every time we go through the exercise of challenging our assumptions, we walk away feeling certain that our charted course is the correct one – and that at some point, fundamentals will prevail.

As for what those fundamentals are, there's a seminal piece Chris wrote back in 2011 called The Screaming Fundamentals for Owning Gold and Silver that is even more true today. I highly recommend revisiting it.

Full article here

Gold
in New Zealand dollars: $1880.78 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $34.16 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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2 comments:

  1. Gold and silver prices are about to rebound and there is no doubt about it. Investors must closely track the gold and silver price on websites like http://www.goldprice.net

    ReplyDelete
  2. Excellent article. The gold price will inevitably rebound in the coming weeks. Things are going to get interesting in 2013. Investors must keep a close eye on the gold spot price at http://www.goldprice.net

    ReplyDelete