Gold is in the doghouse today too. As we write, it’s barely clinging to $800 an ounce.
“In spite of what happened in August,” notes GoldMoney’s James Turk, “gold and silver continue to be among the world's best performing asset classes. Gold is up 23.2% over the past 12 months, while silver has climbed 12.8% during this same period. It is a distinction the precious metals have held throughout this decade, regardless of the occasional bumps along the road like the one this past month
“Only time will tell whether August 2008 will mark an important turning point for gold this year, just as August 2007 did last year. But regardless, the problems with fiat currency are getting worse. Inflation, banking problems, trade imbalances, etc. are symptoms of a global monetary system on the brink, which is a reality that makes gold and silver ever more important. So continue to accumulate the precious metals, because saving sound money makes good sense.”
“In spite of what happened in August,” notes GoldMoney’s James Turk, “gold and silver continue to be among the world's best performing asset classes. Gold is up 23.2% over the past 12 months, while silver has climbed 12.8% during this same period. It is a distinction the precious metals have held throughout this decade, regardless of the occasional bumps along the road like the one this past month
“Only time will tell whether August 2008 will mark an important turning point for gold this year, just as August 2007 did last year. But regardless, the problems with fiat currency are getting worse. Inflation, banking problems, trade imbalances, etc. are symptoms of a global monetary system on the brink, which is a reality that makes gold and silver ever more important. So continue to accumulate the precious metals, because saving sound money makes good sense.”
3 comments:
i think you add more info about it.
very nice! hahahahaha
its good to know about it? where did you get that information?
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