Think it is time to buy gold and silver?

We think you are very wrong and possibly a little foolish.
If you think buying gold and silver is a smart investment right now you might be in for a rude awakening.
Gold demand is high due to fear of the market and the price is rising.  Guess what? Once the economy starts to recover and the market starts its rebound, gold prices will see a HUGE drop.

Think about this for a minute. The market was booming and prices were jumping higher and higher.  “Put money in your 401k.” was the cry heard around the world.  People did this and they lost money when it crashed. Now the same cry is being said for gold. “BUY GOLD” can be heard from every mountain top.  People are buying gold in big numbers in a ‘panic mode’.

Guess what is going to happen when the market rebounds and the economy starts to recover? You guessed it. The price of gold will start to drop and now people will be panic selling.

You haven’t learned a thing.

Now is the time to be buying cheap stocks. Take a look at GM, Ford and Bank of America. Stocks that were recently as high as $50 a share can now be bought for $1.50 and even lower.  The lesson to learn is to buy when people PANIC SELL.  Buy cheap stocks now.

When should you buy gold and silver?

When people start to see the drop in late 2009 and 2010 you will see the price of gold and silver drop almost 50%. That is the time to buy.  Buying then will now give you protection against inflation which is the ONLY reason to buy it.

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