Buying opportunities abound with bullion prices below recent highs

"With the long term-trend line of gold and silver still intact, but with current prices below their recent highs, many investors may be sensing buying opportunities," says John Browne, senior market strategist for Euro Pacific Capital.
 
"In my opinion, the current rise of precious metals is the direct result of the evident profligacy of governments the world over. Spendthrift politicians in Washington, London, and Tokyo have caused people to lose faith in paper currencies. Investors, as well as an increasing number of lay citizens, understand that debts cannot be accumulated forever and that the most tempting solution will be to simply print more currency. ...
 
"I believe that more and more observers will recognize the nascent sovereign debt crisis as merely the precursor to a currency collapse. If I am correct, then investors will likely continue to pour into assets with intrinsic value, including precious metals. From my vantage point, the choice between gold and silver is of secondary concern. Investors should be more wary of clinging irrationally to an anachronistic U.S. dollar regime."
 
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