Some people only ever say BUY gold and God help you if you say SELL! They justify their one-sidedness saying if gold ever does down, it is a conspiracy and it must always go up every day. There is no such market that acts in that manner. There are legitimate reasons to buy physical gold – they just ain’t what the Goldbugs say they are!
The Truth About Gold & Why You Should Buy It
Some people only ever say BUY gold and God help you if you say SELL! Even the pro-Gold radio shows will bar you if you do not agree with them. Guess Mainstream applies to them in reverse! The pro-Gold radio shows are just as biased and prejudiced as they say everyone else is against gold, but in reverse. They just don’t get it! This is NOT a religion. This is trying to survive an economic meltdown. You have to be careful not to lose during the short-term battle if you ever hope to make it through the war! Sometimes it is best to SELL and then buy back more when the correction is over. Yet they justify their one-sidedness saying if gold ever does down, it is a conspiracy for it is the exception to everything and must always go up each and every day. There is no such market that acts in the manner they wish to portray as normal. There are legitimate reasons to buy physical gold – they just ain’t what the Goldbugs say they are!
Ed Note: This is a very long and detailed article with lots of charts & graphs which you can read in full HERE. In the meantime here is Martin's conclusion:
So Don’t Worry – Be Happy. Gold is not going up because of all the conspiracy claims nor because the real gold will conquer the paper gold. This is all about reality. Gold standards do not work because you cannot fix the price of money regardless what you call it. To try to do so is communism where the real attempt was to eliminate cycles. Gold is a viable part of the portfolio. It will rise to the occasion when the timing is right. The very people accused of keeping it down are the very people who will turn around and send it up as well. This is just about time. Nothing more! When the time is right and people realize that the Governments have no Clothes, look out – there will be a stampede at that time. For now, that still appears headed into 2017.
via Martin Armstrong @ Armstrong Economics