Sunday , 19 May 2024

There Are 3 Reasons Why Gold and Mining Shares Are Starting to Firm Up

“The way precious metals are now diverging from global stock markets can only mean one thing. We are in the early stages of a fear event. As the fear of insolvent banks and broken government promises grows, people will increasingly move out of paper assets of all types and into physical gold and silver.”

So says James Turk in excerpts from an interview with Eric King of King World News.

Lorimer Wilson, editor of (Your Key to Making Money!), has edited the excerpts below as a teaser to entice you to read the entire interview. This and the previous paragraph must be included in any re-posting to avoid copyright infringement.

Turk goes on to explain, in part, (the entire interview can be read here) that the above mentioned divergence may be because: 

  1. there is a likelihood that more money printing is coming,
  2. the big money guys, including the central banks buying gold, know that gold is cheap and undervalued by its historical measures and
  3. more and more people are starting to understand that gold is a safe haven….so the money coming out of the stock market is not only going into German and US government paper; it is also going into gold and silver, which is a trend that will accelerate as the crisis worsens.

Turk goes on to explain that “Importantly, the way gold and silver are now diverging from global stock markets is different from what happened when Lehman Brothers collapsed in 2008 because…. ” (go here to read the interview in its entirety.)

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