The price of gold and silver have experienced an uptick in value recently.
Financial writer Bill Holter, a precious metals broker, says price is irrelevant to the average investor.
It is possession that is most important now.
Holter explains, “I think the streets are going to be completely cleaned of gold and silver, and they are going to go ‘no offer.’
There will be bid, bid, bid and higher, higher, higher, and there won’t be any for sale.
Gold and silver will go into hiding until new currencies come out that can be trusted. I think that’s where we’re headed.
You should buy it now because it’s available. At some point in time, it’s not going to be available, and you are either going to have it or you won’t.
The price won’t matter. You will count your wealth in ounces.”
In closing, Holter states, “The timing on this is who knows? September or October or next year, I don’t know. I do know what the ending is.
The ending is a financial collapse where credit stops and people figure out the asset they hold is someone else’s liability. . . .
Why not have an asset with no liability, which is gold and silver.”
Tags: Precious Metals