Precious Metals Will Rise as the Economic Recovery Disintegrates
By Steve St. Angelo
Friday, 30 August 2013
What we are witnessing here is the disintegration of the so-called economic recovery. A great deal of effort by the FED to print, pump and prime the market seems to be losing steam. The tide has now changed as the broader stock markets decline, the precious metals have decoupled moving higher making significant gains.
The once great U.S. Economy is nothing more than a Grand Paper Facade. The housing market is not being kept alive by Mom & Pop home buyers, but rather from a mixture of wealthy individuals, Hedge Funds and Wall Street who are buying up real estate with cash. Real Estate Speculators are the most fickle of the bunch.
If we look at the chart below, we can see that the majority of home purchases have been using cash: