It is always good to know the fundamentals of gold and silver and the reasons behind to buy them but it is even more important to know when to buy and sell.
All these guys like Mike Maloney (speaker in the video), Peter Schiff, James Sinclair, James Turks and all the gold bugs ask you to buy at any price at any time. Just imagine this- how do you feel now...you bought when the gold was at $1800-1900 about 2 years ago in 2011 but since then the price has dropped to today price around 1290.
Nothing goes up in straight line! You got to know the Timing well (when to buy and when to sell) for the Bible says: There is a time for everything.
Click here to listen to this important video
Mike Maloney could be right in fundamentals but to follow the gold bugs in timing to buy could be suicidal.
It is still not the time yet to buy gold and silver according to my long term Timing analysis.
I think at least 3 big banks like Goldman Sachs, JP Morgan, HSBC and
other big hedge funds are gearing up to gun gold down to that support zone at around $1000-$1089. They are accumulating Shorts in stages and by late December 2013 or March 2014, I think you will see gold bottoms.
When gold hit ultimate bottoms, it will bottom in a W-shape (not V shape) & after that all these big banks will flip and go long for a long time to push the prices up and up.