Whenever you take something complex and try and water it down so everyone can understand without investing time to truly learn about it, the truth gets lost. It starts out with great intention, but soon it slides from simplifying to flat out misleading. We are in the early stages of some serious problems coming to light and we are just seeing the symptoms now. The root cause is deeper and not many people want to talk about it.
What that means is don’t listen to what people say, watch what they do. When banks lose credibility, not to mention full out implode, smart money runs for higher ground. Anyone who isn’t willing to take the time to learn why these things are happening and simply wants to read a headline is comfortable moving closer to the fire.
This is not a new concept by any means but when markets get ugly, especially financial markets, people go for the gold. Take a look a GLD, the gold ETF:
It shot up like a rocket in the last few days. It is looking to slow its launch a bit, but if this erosion crumbles more, it will keep going higher.
This is definitely a place to keep on the radar as you look to protect and keep money growing.
Keep learning and trade wisely,
Market Wealth Daily