{"id":20677,"date":"2016-05-16T12:21:40","date_gmt":"2016-05-16T17:21:40","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20677"},"modified":"2016-05-16T12:21:40","modified_gmt":"2016-05-16T17:21:40","slug":"this-is-a-scary-time-ceo-explains-the-single-biggest-reason-why-people-are-buying-gold-and-silver","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20677","title":{"rendered":"\u201cThis Is A Scary Time\u201d \u2013 CEO Explains The Single Biggest Reason Why People Are Buying Gold And Silver"},"content":{"rendered":"

\u201cThis Is A Scary Time\u201d \u2013 CEO Explains The Single Biggest Reason Why People Are Buying Gold And Silver<\/a><\/h3>\n
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\"gold-silver-fear\"<\/p>\n

We can talk about technical charts, supply and demand fundamentals, and price manipulation, all of which point to significant increases in the value of gold and silver for\u00a0the foreseeable\u00a0future.<\/p>\n

But according to\u00a0Golden Arrow Resources<\/a>\u00a0CEO Joseph Grosso, who is\u00a0credited with the discovery of the largest silver deposit\u00a0in history,\u00a0the single biggest reason that retail\u00a0investors, institutional players and governments around the world are gobbling up physical precious metals, resource stocks and ETF\u2019s at unprecedented levels\u00a0is that they are scared to death of the state of the global economy and where it will go next.<\/p>\n

Like an expecting father waiting for five years to see a baby being born, we are at the inception of a mining economy\u2026 There is a pause, a slight pause towards the U.S. dollar and that pause is allowing the oldest currency in the world, gold and silver [to rise] and that is now in favor.<\/p>\n

\u2026Because there is fear. When there is fear, that\u2019s when gold does best.\u00a0<\/strong><\/p>\n

\u2026 Right now, this is a scary time\u2026 People want to hop out [of traditional assets] and find safety in precious metals.\u00a0<\/strong><\/p><\/blockquote>\n

In the following interview with\u00a0SGT Report<\/a>\u00a0the level-headed Grosso explains that there is still hope for America and the U.S. economy, but there will be a lot of pain before it gets better, the consequence of which is an environment that has historically boded well for precious metals as safe haven assets.<\/p>\n