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IPFS News Link • Gold and Silver

Here Come the Anti- Silver Stories

• Popular Liberty

In July we asked Where are the Anti Siver Stories? (link is external)

We noted:

Gold Bashing Goes Mainstream-Why Not Silver Bashing?

Everyday for a month or so the airwaves and digital journals have been filled with anti-gold stories. In reporting on surging gold sales at the U.S. Mint in July (link is external) we noted:

Lately, everyone is an authority (link is external) on gold, especially its price. We are treated daily to an incessant barrage of lower gold price predictions.

The bulk of the lower gold price predictions are based on the "everything is awesome" narrative that reached its nadir yesterday with a "Gold is Doomed (link is external)" collection of words strewn together and assembled in the Washington Post. "Gold is Doomed" contains a pronouncement that our policy makers "know what they are doing.", a few mentions of Paul Krugman and the obligatory "gold doesn't pay interest or dividends" insight.

No mention is made, however, that gold doesn't default or go bankrupt either.

UPDATE:

It took a while but here come the anti-silver stories:

Update August 5, 2015 Wall Street Journal: This Precious Metal Needs a Silver Bullet (link is external)


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