Time To Bail On Stocks And Buy Physical Gold And Silver
Doug Eberhardt | May 19, 2013 01:46AM ET
Aprils 26, 2013 I wrote an article Economic Data Show Potential Of Stock Market Bubble .
Some of those profits can be rolled over into physical gold and silver.
What Are My Clients Doing With Their Precious Metal Holdings?
I don’t have anyone selling their physical gold and silver. Holders of paper gold and silver investments sell because it is easy to do so. Market Makers would love for them to sell. But Market Makers can’t get you to put your gold and silver in a box and ship it back to the supplier to sell it. That takes a lot of effort. And Market Makers haven’t been able to stop the record amount of individual buyers who have been snapping up supply over the last few months.
While the likes of Goldman Sachs (GS) close their short position and J.P. Morgan Chase (JPM) tell you they are expecting higher prices for gold by the end of the year, at over $1,700 an ounce, there does seem to be some bullishness on the horizon. My next article will be a bullish article with an 80% probability of being correct. While a stronger dollar, and higher stock market are tempting investors to chase returns, the smart investor is bailing out of the stock market on an incremental basis and buying the beaten down assets; gold and silver. But not buying the paper substitutes. They demand the real thing.
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