Gold and Silver Bullion Under Siege, Demand Skyrockets
Alex Stanczyk (October 5th, 2008) Writes:
Alex’s Notes: Boy, it sure seems to me like history repeats.
Gold (and silver) bullion is under siege in terms of demand, and shortage is starting to appear not just in the US, but all over North America and now Europe as well.
Anyone who studies history could have predicted this, its not rocket science.
All through history, every time major confidence is lost in fiat based economies, when those economies face massive corrections in terms of either hyperinflation or deflation, people flock to gold and silver bullion.
Is it any wonder that we are seeing that happen again today?
I have said many times we will again see lines of people waiting outside of gold shops to buy gold in the upcoming financial correction, just as they did in the past when mirror image events resulted in the exact same actions by people.
People are predictable in two ways:
1. They do the same things when
...Alex Reeves, ATS Bullion and Baird & Co, British Columbia, Buffalo, Canada, Eric Lam, Europe, finance, Gbp, Gold Markets, Harry Wallop, Lehman Brothers, London, Michael Levy, North America, Ottawa, Ottawa facility, precious metal, Sandra Conway, Scotia Plaza, Scotiabank, Surrey, United States


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)

