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Gold Seeker Closing Report: Gold and Silver End Slightly Lower While Dollar Jumps

Posted December 8: Gold edged up to $1177.99 by a little before 8AM EST before it fell back to $1169.29 in the next hour of trade and then chopped back higher at times, but it still ended with a loss of 0.19%. Silver s Read More »

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Jim Cook

 

THE ECONOMIST
By James Cook

The apparent reason to buy silver and gold is to profit. Underlying that motivation is a more profound reason, the need for protection. The mainstream economic view argues that buying precious metals is an exercise in futility. They believe that Washington and Wall Street have it right. The economic policies of the government and the central bank are correct and you don’t need silver or gold.

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