Surging #Mining #Stocks Point to Big Move Ahead in #Gold and #Silver. Surging mining stocks point to big move ahead in gold and silver - SAMSSA. Alex Pollock: Confiscation of #Gold by the Federal #Government. Alex Pollock: Confiscation of gold by the federal government. By Alex Pollock Real Clear Markets, Washington Thursday, January 25, 2018 Historically as well as now, people in America tried to protect themselves against the government's devaluation of their dollars by holding gold; and formerly, by buying Treasury bonds which promised to pay in gold.
The fundamental thought was and is the same that many holders of Bitcoin and other "cryptocurrencies" have now: Hold something that the government cannot devalue the way it can its official currency. Unfortunately for such an otherwise logical strategy, governments, even democratic governments, when pushing comes to shoving, may use force to control and even take away what you thought you had.
The year 1933 and the new Franklin Roosevelt presidency provide vividly memorable, though little remembered, examples. How High Is "Sky-High" #Silver? How High Is "Sky-High" Silver? - Money Metals Exchange - Commentaries. Now that the precious metals’ five year cyclical bear market is acting like it's been replaced by a vibrant bull run in the opposite direction (up!)
, many analysts who chided the ongoing rise in the mining stocks and metals that started in December 2015 are begrudgingly changing their "outlook" so they don't get left behind. Some veterans are holding to long-stated targets, while others are raising them as Mr. Market gives us new information. 4th of July, 2016 Silver Fireworks (Courtesy barchart.com) Perhaps the prediction laying claim to the most fascinating "sneaks up and gets you" was uttered by Franco Nevada Mining Corp.