I am buying Gold & Silver, Whats Mike Doing?

by Marc Walton | Aug 22, 2024 | Forex Analysis

I am buying Gold & Silver, Whats Mike Doing?

Hi, I have explained often in the last 6 months, including this Tuesdays live session, why I am buying gold and silver. I have bought more of both this morning and will continue to do so if it keeps dropping. I am not leaving cash in a bank account that may pay me a few % profits (before tax) whilst double digit inflation is raging and eating away at it.

Basically gold is the ultimate safe haven if everything turns to a full-blown recession, which is a distinct possibility in my opinion,

Silver is used commercially, it tends to follow gold. It was previously 3 times higher than its current price so has the potential for a quicker, potentially explosive move. JP Morgan are currently in court again for rigging the metals markets. Since the start of this year the Comptroller of the US currency has forced banks and savings funds to declare their positions. Previously they hid them. It turns out they have 5 x more involvement. When this happened in 1933 the price exploded.

All of this is explained in the 2nd video by Mike Maloney of Goldsilver.com. Yes he has a vested interest in promoting the sale of gold and silver BUT I have a great deal of respect for him. His knowledge of the history of currencies & metals is unequalled.

I would like to point out that we are not affiliated with Gold Silver.com and no money will come our way for sharing this with you!

There is a full series of the history of money on Youtube that Mike made a few years ago that I urge you to watch. Then you will better understand how the monetary system works.

Here is a video Mike shared with his followers yesterday. What did he buy in his personal account and why?

At what price is he going to “sell his shirt & back up the truck”? Watch the video to the end,

Also note how he uses technical as well as fundamental analysis to make his purchasing decisions and why would he possibly want the price to keep dropping?

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