Wednesday, June 26, 2013

The Gold Buyers Lament

"I get so frazzled watching markets from day to day and watching that trained pony Bernanke do his tricks that I take my eyes off the horizon. The end really isn't in doubt, but they throw up all sorts of distractions to make you think so. We live in the age of appearances, where any illusion works.

Until you see through it, and realize the truth is simple. It always is, once you identify it.

Simple truth is, inflation never works. Never has, never will. Always guts the middle class and savers, always ends in tragedy for the society that tries it. America is no exception to that truth. Wait and see.

That's why I will patiently sit on my gold and silver, and buy more whenever I see this decline turning. But y'all already know I'm nothing but a natural born durn fool from Tennessee, not one of them clever Yankee traders. Reckon I'm just doomed. Wonder why I don't feel no worse for it?"

from Franklin Sanders... more here

Gold in New Zealand dollars: $1653.00 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $25.41 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)

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AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001

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