Gold or Silver - which to buy
Gold: Bull vs Bear debate MarketWatch 22 Nov 2010
Reasons to own Gold - Sprott Asset Management
- Gold returning to its true historic role as Money
- Inevitability of collapse of US Dollar
- Other currencies are no refuge
- Poor government balance sheets & 0% interest rate may result in Hyperinflation
- Malign side of Derivatives has yet to impact
- Investment demand for gold is accelerating
- Many paper gold products do not have real gold backing
- Mining supply not expected to rise
- Central banks nearing inflection point - unable to supply gold for market equilibrium
- Increasing purchase of gold by Russia, India, China, etc
- Skeptism about US Gold Reserves
- Large short positions
- Increasing awareness that gold price has been suppressed
- Suppression evident in continuing extreme undervaluation of gold
- Relatively small size of gold market
- Gold in established powerful bull market
- Gold has endured
