It would appear that more investors are looking to gold and even silver as a store of wealth. History is quite clear that this always happens during times of financial crisis.Whenever the currency is debased and inflation occurs then precious metals become a safe haven. Some so called experts say that there is not inflation, I disagree! The supply of currency has increased! Now currently it is not being circulated very rapidly so what we are witnessing is a contraction of credit and an increase in the savings rate or hoarding of cash.
With government spending at an all time record high along with the Federal Reserve Bank's monetizing of debt the currency is indeed being devalued. Once the confidence in the dollar tanks, look out. You had better be prepared to witness the results of inflating our way out of this financial mess.
If you doubt anything I have presented here, then I suggest you "learn everything about the economy in the shortest amount of time." Visit the Crash Course prepared by Chris Martenson, PhD. Dr. Martenson is a scientist who understands the risks that we face today and has condensed his "End of Money" seminar to an online presentation. Watch it here and give me your comments. The URL is: http://www.chrismartenson.com/crashcourse.
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