The solar plexus of the human body is where the connection between the body and mind come together. Silver is like the solar plexus of the world of economics and finance, acting as both a tradable commodity and a monetary asset.
US dollar gold prices drifted lower to $1,722 an ounce this morning in London, slightly down from last week's close, while stock markets also fell along with US Treasury bonds as US policymakers continue to discuss how to deal with the so-called fiscal cliff.
In our eyes, you can't trust the economic indicators the government puts out: unemployment, CPI, GDP... they're all manipulated, adjusted and revised. I'd rather deal with real numbers, pure and simple. Things like the price of gold, oil and markets.
Putting on our investor's cap, the way to take advantage of the hastening decline of the world's second currency is to gain exposure to its oldest form of money – precious metals. Major European banks are reporting increasing outflows from euros into gold.
Last month’s weak unemployment numbers, with only 120,000 jobs created, brought renewed wails that high oil prices were causing a recession. Having heard this refrain so many times, I thought I'd dig a little deeper.
Don’t rely on big pharma, your government or central banks to protect your health and wealth. The system is not designed to protect you. In fact it is now stealing your wealth through inflation by endless printing of money.
Spot metals dealings started what could be a tumultuous session with (mostly) gains this morning. Gold commenced trading just above the $1,700 round figure (at $1,702.20 the ounce) showing a gain of $38.80 versus its Friday afternoon closing value.