The “I won’t buy an umbrella until it rains” crowd has been dumping gold while the case for ownership of safe haven gold has never been stronger.
As the credit bubble continues to grow at an alarming pace it’s not a question of if but rather when the next financial crisis engulfs the entire world. Gold has been used forever as the only form of sound money since it has no credit risk or counter party.
Here’s a neat info-graphic from American Bullion that nicely sums up the compelling case for allocating part of a portfolio to gold.
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