The Calm Before The Precious Metals Storm
After trillions of dollars of so-called monetary assistance, the financial damage appears to be repaired giving the public a false sense of security that the storm has finally passed. Unfortunately, the world has only dealt with the first part of the storm and is now sitting in the eye of the financial cyclone.
Even though we now have the additional drama from the U.S. Government shutdown, up until recently, the economy has been plugging right along. However, this was a much different story back in 2008 when the public and investors thought the world was coming to an end.
This can clearly be seen by the huge increased buying of Gold Eagles during 2008 & 2009: