Gold and Silver Mania

For starters this is not a pitch and I do not recommend how you obtain your silver or gold, but I have made great returns on both of these this year and I believe it’s a good place for middle class folks to invest.
Remember, our countries’ little experiment of not backing our currency by precious metals is really a first for any developed civilization in history. Like most new economic ideas, it appeared to work just fine for awhile. However, now I believe that the game is up. I will spare the technical charts here but one needs only common sense to realize that printing money that is no tethered to something finite is a stupid idea.
Here are just four of the major factors moving the price of gold and silver. First, a ton of people like you and I from all over the world are starting to feel uncomfortable leaving their money in strictly a paper currency. Whether it’s the Euro crisis or America’s debt crisis, I personally do not want all of my money sitting in dollars, where the value relies on congress getting its act together. I think our European counterparts feel the same way when viewing the threats of Greece, Portugal, and Spain to the Euro. None of these countries will get their act together anytime soon, so I view this as a positive for precious metals.
Second, people in developing nations are gold and silver crazy. These folks are getting increased incomes for the first time in their lives and they inherently distrust paper. These countries have seen a lot financial shenanigans before and the people are smart enough to put their paper right into something tangible. I see this as a very strong long term drive on prices.
Third, I think the reliability of congress continuing to get nothing done is predictable. Whenever I have something predictable that moves markets, I can make money. In our political system, cutting money is tantamount to suicide. Even the tea party folks will be pissed when their local libraries and post offices close. It’s easy to talk big, but both sides know its suicide to cut. Conversely, if they don’t cut our credit rating gets downgraded and gold and silver take off. It’s a winner either way.
Fourth, inflation is already here. If you have been shopping lately you already know this. Remember, gold and silver is a good hedge against inflation.