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Don’t look now but the markets may have come to their senses. Silver has climbed back on gold’s coattails as investors of every ilk become desperate to preserve every bit of wealth they still have.

August 22, 2011 – Don’t look now but the markets may have come to their senses. Silver has climbed back on gold’s coattails as investors of every ilk become desperate to preserve every bit of wealth they still have. And there just isn’t any where near enough to feel good about for the bulls to take over the equities market.

None-the-less, hope springs eternal, and this week it hinges on the appearance of the imperial wizard in Jackson Hole. But Bernanke’s wand has no more sparkle. There is nothing he can do to fool us all into making risky investments. Americans can be painfully slow learners at times, but we are even slower forgetters.

However, the expected backlash against gold and silver prices – the old bubble scare tactics in particular – are having their effect on many Americans. Rather than investing in gold and silver they have been persuaded to cash in everything they own containing the precious metals while the price is at its peak. Big mistake.

The gold in that jewelry and the silver in that flatware are your wealth. The dollars you get in exchange will soon be your toilet paper. That’s a pretty poor trade.

But aren’t gold and silver prices topping off? Perhaps – if tomorrow our debt mystically disappears bringing about a total reversal in the economy. But I wouldn’t bet on that and apparently neither are the rapidly swelling numbers of investors seeking shelter in the metals.

In fact, we are seeing just the opening round of a fight that promises to go the distance. Before long global retirement funds will have to follow suit or face the consequences of losing their clients’ retirements. With nothing else even in the works to stabilize the global monetary system, there is no limit to how far gold and silver prices will rise.

The moral of the story is clear. Not only should you hang on to every bit of gold and silver you have, it’s a darned good idea to keep buying all the gold and silver you can.

Shannon King

Senior Staff Writer – GoldSilver.org

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