Silver A Buy … The Jig Goes On
By: Brady Willett | 12 May, 2004
Following the sell off in silver (and gold), the conclusion from Bulter and Sinclair is that the evil commercial shorts are artificially suppressing prices again. This argument – although probably true – is of little use to the investor. To be sure, what BS and many others fail to specifically mention is that a bet against the commercials is really a bet against central banks. While hardly omnipotent, it is nonetheless difficult to conjure up a predictable set of circumstance wherein central bankers become powerless and watch the US dollar – the reserve currency of the world – blow up. As for the knowledge that all paper money eventually fails...this is an effective investment strategy if you are psychic. Not being a follower of witchcraft, I elect to play by the rules the commercials dictate. Full Story |