Market Overview
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At this moment, we are experiencing the greatest bull market for precious metals in our lifetime, and, perhaps for our lifetime. Each metal has its place in a portfolio designed for wealth preservation and capital appreciation.
Gold is the world's preferred savings vehicle and greatest preserver of true wealth. The Constitution of the United States of America defines it and Silver as "Lawful Money." Up to and until 1933, when F. D Roosevelt called in all gold bullion and certificates and gave it over to the Federal Reserve Bank, Americans considered gold money and the way money was saved: Silver as well until the same time when owning a significant enough amount became unlawful. Today, gold is bought for safety on a grand scale by everyone from individuals to Central Banks. The driving factor is not price, but need. Few buyers of gold in this market are looking to sell for a percentage profit. It is the prefect hedge against all fiat currencies like the U.S. Dollar.
Silver, along with Platinum and Palladium are the "white metals." These also carry an intrinsic protection against inflation and currency debasement, but are also considered industrial metals as they are used by businesses from electronics to automotive, medical to solar power. While Silver has by far the largest supply in terms of annual mining, it is consumed so heavily that the actual supply for investors is at a historic low. Platinum and Palladium share almost identical characteristics and are used heavily in the automotive and energy producing fields. For those seeking profits, the white metals are more applicable.
There has never been a better time to build a foundation for wealth with gold, and diversifying into the white metals for capital appreciation.
Since the year 2000, gold and silver have appreciated over 350%, while the Dow Jones index of stocks has declined over 5%. Precious metals have consistently outperformed every other asset class and have set the standard for profitability for the first full decade of this century. Given the economic and political global climate we face today, the second decade looks to be a continuation of the first.
