You gots to ask yourself one question. Will the U.S. continue to add $3 billion per day to the National debt for as far as the eye can see? If the answer is yes, than buying gold when the price is lower is a no brainer. Do you think the chart below represents correlation or causation? If you produce more of something out of thin air, will its value decline versus something that is rare, in short supply, and has been considered valuable for centuries? These are questions they don’t want you to ask or answer.
“All of the government’s monetary, economic and political power, as well as its extensive propaganda machinery, will be enlisted in a constant battle to drive down the price of gold—but in the absence of any fundamental change in the nation’s monetary, fiscal, and economic direction, simply regard any major retreat in the price of gold as an unexpected buying opportunity.” – Irwin A. Schiff
“As can be seen from the chart, gold has never stayed below that “stairway to hell” for very long. Given that the debt limit number is going to continue higher, a re-emergence of Gold strength looks inevitable.
A lot of ‘considered opinion’ suggests that by the end of the present electoral term (the end of 2016 when new presidential elections take place), that the US debt limit will be at around $22 trillion USD.”
– Tom Fitzpatrick