Mainstream financial analysts want us to believe that gold’s unprecedented rise throughout the last decade is almost over – that it is just another bubble soon to pop. Central banks, state-sponsored economists and many well respected high dollar investors have all tried to convince us that there is no more upside for precious metals, often arguing that the 5,000 year-old relics are but worthless metals – not money.
The interesting thing is they’ve been saying that repeatedly, since before the financial crisis was ever recognized. Yet, gold has continued to rise unabated.
In the following Future Money Trends interview, well respected investment analyst Jay Taylor of MiningStocks.com discusses this powerful trend in gold, the government manipulation of the financial and economic system, the importance of diversifying your wealth, why precious metals are a good investment, some ideas for investors, and the signs you’ll see when gold does finally become a “bubble.”
A lot of the establishment would have us believe gold is already in a bubble.
But if you look at the supply of gold above ground relative to the amount of money that’s been created, it’s money and it’s the bond market that’s in a bubble. Read more...