Thursday, May 17, 2012

Pullback In the Precious Metals Market..

Nonsense! I feel the need to post this reminder every so often when everyone starts to panic when gold and silver start losing some steam.  Yes, due to market conditions more and more investors are flocking to cash and moving away from commodities. Especially when we have the euro crisis, JP Morgan loosing billions, middle east turmoils as well as a other factors happening in the world today. Concern or panic is not needed. Downturns are good for the average precious metals investor and here is why:

1. When the value of precious metals start dipping... not only does this allow you the seasoned investor to buy gold/silver at a discount, it also allows the everyday "joe" to get into the game as well. Start padding your investments boys and girls.

2. If you are holding precious metals for the long term to protect wealth, you should have almost zero concern. For those that think that gold/precious metals will crash like the real estate market, think again, history tells us otherwise as the value of precious metals has increased year after year.
  
3.  Gold falling will not last for long, global economic conditions are extremely turbulent and appear to behave like a roller coaster on not just a day by day basis but now it seems more like minute by minute.


Keep on Stacking!

-Blogging4Bullion

Money Center Banks and Stricter Financial Oversight

By James Hall
theintelhub.com
May 16, 2012
Once again, the practices of the “Too Big to Fail” banksters bring the financial money machine to the brink. The J.P. Morgan derivative losses and trading gambles by their “London Whale” demonstrates business as usual in the murky world of risk distortion. Even the vexing progressive Robert Reich makes an accurate assessment for breaking up the big banks and the resurrecting of Glass-Steagall.
“Word on the Street is that J.P. Morgan’s exposure is so large that it can’t dump these bad bets without affecting the market and losing even more money. And given its mammoth size and interlinked connections with every other financial institution, anything that shakes J.P. Morgan is likely to rock the rest of the Street.”
Since then, J.P. Morgan’s lobbyists and lawyers have done everything in their power to eviscerate the Volcker rule — creating exceptions, exemptions, and loopholes that effectively allow any big bank to go on doing most of the derivative trading it was doing before the near-meltdown.”
[Read More]