Has Gold and Silver Topped Out?—No Way

The world looked like a scary place yesterday for gold and silver investors. There was a lot of talk about a global economic slowdown. The price of oil dropped, and gold and silver sold off. In the grand scheme of things, the correction was quite small.

If there is a slowdown, and there may be, do you think the U.S. Fed is going to stand by and watch the economy crash? No way! Expect the Fed printing press to go into high gear and shift from QE2 right into QE3. The Fed will, once again, come to the rescue and save the day as it kills the dollar.

Another few things that are dollar negative: There is still no agreement in Congress on a meaningful cut to the deficit. This comes against a backdrop of a record $223 billion SINGLE month record shortfall. Fighting in Libya raged on yesterday as protesters were being shot at by police in Saudi Arabia. None of these problems are going to be solved anytime soon, and all will put downward pressure on the once mighty buck.

Down is the overarching trend for the dollar according to Peter Schiff. He is the CEO of Euro Pacific Precious Metals. He is a regular on CNBC, FOX, CNN and many other media outlets. He is also the author of the bestselling books: “Crash Proof,” “The Little Book of Bull Moves in Bear Markets,” and the recently released “Crash Proof 2.0: How to Profit from the Economic Collapse.” I am proud to say that Mr. Schiff has agreed to become a Guest Writer for USAWatchdog.com. He wrote a great piece recently that laid out the reasons why gold and especially silver are not only great investments but critical to your financial survival. Please enjoy the post, it’s a very good read.—Greg Hunter.

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