You can & # 39; t walk along Main Street or drive down a highway without being accosted by signs screaming, WE BUY GOLD! And if you read the financial press, you & # 39; ll have seen a big uptick in articles about gold and silver, especially in the last few years when silver prices doubled and gold increased to over $ 1,700 an ounce.
On sites like Kitco and JSmineset, you can see that respected professionals are forecasting $ 5,000 an ounce for gold and $ 100 an ounce for silver in the next few years.
John Embry, Chief Investment Strategist for Sprott Asset Management put it this way in an interview on King World News, "If history is any guide ... conditions are infinitely more favorable to gold then they have ever been at any other time in history. "
Despite the recent rise in prices for precious metals, relatively few people on Main Street are investing in gold and silver bullion or coins as a hedge against bad times to come.
This is all about to change.
On Wall Street institutional investors are increasingly adding gold stocks to their portfolios, and vendors of gold and silver bullion and coins have seen supplies run out.
Another sign of things to come is the number of people hunting for treasure in scrap machinery and electrical items.Many items from electrical fixtures to microwave ovens, old computers and car parts were made with gold and silver.Some even include platinum.
"People are discovering that the trash their neighbors throw away can contain precious metals that manufacturers used when they made the goods," says Peter Steiner. "The number of items is astounding.If you know where to look, what to look for, and how to extract the gold, silver, or platinum hiding in plain sight, you can make good money. "
Robert Fitzwilson, a 40 year veteran investor recently told Kingworld News, "Real assets, particularly gold, silver ... have historically been considered safe ground.Switch out of flat money and fixed income before it is too late.It is your best chance to stay wealthy and emerge from the old financial system not only intact, but perhaps wealthier than you ever imagined.
Peter Schiff, President and Chief Global Strategist of Euro Pacific Capital and author of How an Economy Grows and Why It Crashes, Recently stated that the longer people wait to buy gold and silver, the more expensive it will be.His words are being heeded by more and more people who want to own gold and silver in any form-even those who hunt for it in their neighborbor & # 39; s scrap.
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