Hard Assets Alliance: The Role Of Gold (And Silver)

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by Adam Taggart, Peak Prosperity:

Longtime PeakProsperity.com readers know that the Hard Assets Alliance is this website’s officially-endorsed gold & silver bullion dealer (the list of reasons why can be read here).

Given the painful slog over recent years for precious metals investors, we thought it was high time to bring them back on the program to offer an update on the fundamental reasons for continuing to own bullion.

This week, Chris sits down with HAA executive Ed D’Agostino to discuss the role of gold (and silver) in an investment portfolio during the age of bitcoin and endless central bank liquidity:

As for what’s next for prices, in terms of supply, I think that the sector, in many ways, has a self-correcting aspect to it. If producers can’t produce and make any profit — and that’s really where they’re at now in the silver mining sector — eventually that situation will correct. Mines will shut down, and the price will go up. We’re seeing something similar to that in oil right now. 

But then when you introduce the short position on the COMEX, things become more nefarious. In the US, the government has, in my opinion, beaten gold out of the collective consciousness of the American citizenship. So because of that, Americans tend to be very under-invested or under-exposed to gold.

My general sense is I think we’ll kind of keep grinding sideways as we’ve been for a while until a trigger event happens — and then you’ll see the real value of holding gold in your portfolio. During a black swan event, gold tends to hold up quite well whereas other more conventional investments — like equites which have all the headlines these days — will struggle.

Gold, for me, is not a religion. It’s not the only asset that you should own; but it’s an essential assets that you should have in your portfolio. And if you look at it that way, then period like this, in my opinion, is good time to accumulate precious metals. 

I always try to tell people that you want to buy any asset class — gold, silver or anything that you’re interested in — when it’s out of favor. The time to buy it is before it gets hot. And the Hard Assets Alliance, because of our volume and our relationships, is in a great position to have access the physical product when things get hot. 

Just take a long view of your metal holdings and keep accumulating over time. Don’t let them take over your life or become a religion.

 

TRANSCRIPT 

Chris: Welcome, everybody, to this Peak Prosperity podcast. I am your host, Chris Martenson, and it is December 12, 2017. Hey, let’s start here. Primary wealth is the wealth of the natural world. Hey, it’s rich seams of ore, teaming fish grounds, healthy forests. Secondary wealth is a derivative of primary wealth. The richness of the earth is captured, it’s harvested, it’s mined, it’s transformed, brought to market; which means that without primarily wealth there cannot be any secondary wealth. No thick forest means no lumber in the marketplace. No ore bodies means no more metals. It’s that 

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