The Global Run On Silver & What It Means Going Forward
May 6, 2013
On the heels of continued volatility in gold and silver, today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, discusses the silver market at length and what KWN readers must know about the incredible run on silver that has been taking place around the world.
Below is Fitzwilson’s exclusive piece for KWN:
Fitzwilson: “The reality of currencies is that they represent unfinished transactions. Currency was invented to make the movement of wealth less hazardous and the storage of wealth more convenient and secure. Transporting gold and silver in the past was cumbersome and dangerous.
That said, it is critical to remember that currencies are not wealth, but simply a mechanism for the exchange of goods and services in the present, as well as a way to defer such exchanges to a later time such as retirement….