Watch Gold & Silver As Central Planners Face Herculean Task
March 3, 2013
Today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, urges investors, “… to focus accumulating real assets as their only hope for solid ground, particularly energy, gold and silver and related investments.”
Below is Fitzwilson’s exclusive piece for KWN:
“There was a terrible tragedy last week. A man in Florida was asleep in his bed, and a giant sinkhole caused the concrete under the bedroom to collapse, taking the man and the contents of the bedroom with it. Sadly, the authorities have given up the search for the man and the house is being bulldozed.
Sinkholes are quite common in Florida. Much of Florida lies atop limestone and dolomite. This kind of material is easily dissolved through contact with acidic water. Rainwater itself is acidic and the level of acidity is enhanced by exposure to decaying plant debris. Think swamps in particular. The process can take eons. The sinkhole that took the man’s life could have begun millions of years ago. In many instances, this geologic process can create underground rivers and structures of great beauty. Not so in this recent tragedy.
This tragedy brought to mind an image of a financial sinkhole. Economies and markets are on paths that are obviously unsustainable to any thinking person with a modest exposure to arithmetic and history….