There is plenty of talk about inflation and deflation scenarios. Gold and silver do well in the extremes. I think it is safe to say the financial environment today is extreme. Look at the thud the Facebook IPO made since it was issued. Look at the price suppression of gold and silver through naked shorts that the government regulators turn a blind eye to. Look at the interest rate suppression the Federal Reserve is masterminding with 30-year mortgage rates in record territory well below 4%. Look at the trading loss from derivatives announced by JP Morgan. The original $2 billion loss is reportedly growing much bigger. Look at the secret central bank deals that prop up Greek banks. (Click here for that story.) The powers that be appear to be struggling to keep the game going for a little longer. How long will it last before some sort of conclusion or crash? Who knows, but gold and silver in either an inflation or deflation scenario will prove to be a very good insurance policy to protect wealth and buying power. Chris Duanne from TheGreatestTruthNeverTold.com has put together a short video to make this very point. Please enjoy:
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.