Why You Should Hold Onto Your Gold And Silver

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Published : February 24th, 2013
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Category : GoldWire

[Some thoughts about the ongoing correction in precious metals markets.]

This will be kept short and sweet since the points to be made are really quite simple.

24hGold - Why You Should Hold ...Don’t sell your gold and silver based on what’s happened in recent days and the growing cacophony of negative sentiment in this market.

As prices have tumbled, investment banks have been in a competitive race to see who can downgrade their gold and silver price forecasts further and faster.

Don’t listen to them – their last ones weren’t very good (that’s why they are revising them).

What makes you think their new forecasts are any better?

Here’s why you shouldn’t listen to them and why you should hold onto your gold and silver.

Gold and silver prices will go far higher for one of two reasons:

  1. We enter a high inflation environment.
  2. We have another major financial crisis.

If you think that both of these outcomes will be avoided, then, by all means, dump your precious metals.

[To continue reading this article, please visit Seeking Alpha.]

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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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