Futures market pro advocates physical gold and silver

pmbug

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... While each new day or week can be found someone definitively stating how high gold and silver are going to go, and there are myriad justifications for making the "predictions," all of that is of little avail to the TIMING of one's purchases or sales. The one exception would be the purchase of physical gold and/or silver. For THAT, we are unabashedly advocating the purchase of either or both, at any time and at any level.

The holding of physical precious metals does not entail a lot of risk because no margin is involved, and as we continue to point out, history is on the side of gold and silver as the truest form of preservation of purchasing power, or a store of wealth. History is also on the side of unabated failures of central bankers and central governments abysmal record for destroying the value of "money" when imaginary fiat is the only issue of "currency."
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More: http://www.insidefutures.com/article/811854/Silver and Gold - Stopped At Resistance.html

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bushi

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...astonishing, that coming from the futures pro - and basically, openly stating a full DISCONNECT between "paper" and physical metals!
 
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