from FinancialSurvivalNet:
Jason Hamlin of GoldStockBull.com spoke with us yesterday to discuss the prospects for the yellow and shiny metals. Jason sees much smooth sailing ahead, and so do I. While there is a small chance of another pullback in the metals markets, this should be short lived. After the limited duration, the big move should be on. Then we will see that new highs will be tested and new records set. And judging from this week’s action in the precious metals, Jason’s view looks to be the likely scenario.
Certainly the fundamental picture for gold and silver has never been more bullish. Governments continue to pump out fiat currency units like there’s no tomorrow. However, tomorrow inevitably comes and for us that means more inflation, more debt, more defaults and more worldwide financial turmoil. In such situations, people invariably turn to precious metals to protect their wealth. And while Jason believes the metals will continue to serve this purpose, he also believes the potential for wealth accumulation/increase is also present. Simply put, when the world wakes up to the diminution of fiat currencies, there will be a pile on into gold and silver. The result will be great increases in the purchasing power of gold and silver. These will be far greater than the actual inflationary increases.
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