Have you been paying attention to the important economic information lately? You know, the numbers that are very difficult to move?

By that, I don’t mean how many more dollars the Fed has printed. Few hunder billion here…few hundred billion there. How much more debt that the US government has added in the last 30 days? There are no immediate controls built into their actions…they lack a govenor. These numbers are meaningful only if they affect other real numbers that are not in direct control of either the Fed or the US Government. Like employment. Business spending. Residential Real Estate Sales and Values, Commercial Real Estate Vacancy Rates and Values, more…

Most economists would agree that stuffing 3 trillion dollars into an economy will lead in short order to inflation – even hyper inflation. You can’t increase the amount of dollars in circulation by more than all the dollars in history COMBINED and not have them worth less, i.e. you need more of them to buy things…inflation. Only oppressive deflationary pressures could keep that kind of a monster in check and even force it back into the opposite direction.

This is big time, never been here before, scary stuff. AND even with all this inflationary hyper activity, we still look eerily similar to what we looked like in October 2008. You remember October 2008 don’t you?

Do you remember what you felt like then? Did you do some very focused homework on what you should have done if you knew this was coming ahead of time? Do that now.

As a former Gold Broker – I talked to thousands of would be gold and silver buyers. It never ceased to amaze me that even those who had already purchased a fair amount of gold or silver continued to make some of the same mistakes many new gold buyers make.

For some, there was a certain element of luck that may end up protecting them from severe harm, but if they too do not learn to do a better job, it is only a matter of time before it catches up with them and they get burned.

For others, the gold and silver they were sold at the prices they paid will likely never be recovered. They are permanently underwater…losses guaranteed.

Like many decisions, there are a couple of things that influence these decisions that a buyer has control over. One is how much they know about what they are buying. The products – coins, bars, numismatics, bullion, etc… The market it is in – commodities and financial-investments and the delivery vehicles or how they participate in the market – brokers, dealers, internet etc…

The second are is motivation or emotion. It is common knowledge within the industry that most gold and silver and other precious metals investors are operating from the emotions of fear and/or greed. With fear, folks are looking mainly for protection, with greed; they are expecting to make a bunch of money. Usually precious metals buyers fall into one of these two camps, but can share from both of course. Even those who want protection against a total currency collapse hope to make money with their gold, silver or other precious metals.

The problems begin here…too little knowledge with too much emotion. So, the three biggest mistakes gold buyers make:

1. Make a decision to buy gold or silver without taking the time to learn the products, the markets, and the sales processes….too little information. Until recently, finding the right information was almost impossible. Most of the information being offered to help educate buyers is being offered by companies that sell gold, silver and other precious metals. They will not teach what will make better buyers when it includes things like how products are priced, how to negotiate with a broker, how to determine a fair price, what are the right products for you and your specific situation. Everything they write is pointed toward selling you something and every dealer has preferences….bullion, numismatics, gold, and platinum…whatever. And they don’t want to anger others in the industry so they would never go to great lengths to show you why certain products are almost always a bad idea. I truly believe I have alleviated this problem to a large degree.

2. Procrastination and ‘herd’ mentality. Over the last week, the price of gold has fallen almost 10%. This is a perfect time to be working real hard on #1. Our best estimates are that less than 3% of the population owns gold. Yet over the last year, the subject has garnered more attention than it did for the previous 30 years. The problem is it is outside most people’s experience so they listen and think they need to figure this out sometime soon. But they will not. They pick up a snippet here, or a snippet there, and instead of zeroing in for some time and get educated and take some action over a calculated deliberate effort…they will wait until it is frenzy buying and all the reasons I have been writing about for years as to why they should be owning some gold come true and like lemmings – pile into it at the very top of the market…or even on the downside.

3. Emotions are a key player in all financial decisions to some degree but they rank exceedingly high in the gold and silver markets. Come on, gold is gold. For over 5000 years it has always been associated with wealth and status. Gold brokers are professional emotion managers. And although they understand and use greed to sell a lot of gold, fear is the more dangerous of the two – at least when it comes to you and the rest of the 97% who own no gold. I study the markets for a living and I cannot overstate how serious global economics are today. We have never been where we find ourselves right now. There is more ammunition for economic fear based decisions than has existed at least since the 1930’s if not ever and the good gold brokers are having a field day. Much of the information they will use the typical person does not know or understand and much of it is true. They represent the reasons you should be learning all you can about precious metals right now and preparing a personal plan. But most of you won’t. You will wait until fear reaches its peak then jump in and buy whatever a good gold broker sells you. And many of you will never ever break even.

I have provided the resources to change this for you. In a few hours from one source you will move very far down the scale towards precious metals success.

I have combined over 24 years of equities, gold trading and gold broker experience to teach you what you need to know to avoid the mistakes so many gold buyers and sellers make. For less than what many of you spend on coffee for a month, and a little time…it just could be the most important financial effort you can undertake for yourself and your family. Go here: learn about economic protection.

If you are a student of global economics and precious metals – you may be wondering with all the global economic problems still in play, why is the price of Gold going down? I can think of 3 reasons:

1. More demand today than ever is coming from individual gold investors who are quick to sell after the losses they endured in stocks over the last few years. Most of these folks do not really understand why they should be buying gold in the first place – they are treating it like a stock decision.

2. Gold has been on a multi year huge bull market run and nothing goes straight up. If you are a gold advocate, this is good to see. Solid bull markets have pull backs.

3. Less media attention lowers the fever pitch of precious metals activity to some degree. The apparent good news with DOW up and positive earnings coming in has lessened the fear discussions. In my opinion, lower prices are times to add to your position unless you are fully invested in the right metals at the right levels.

After this last week in the stock markets, if you are not motivated to learn what you need to learn to take some actions to protect yourself, you never will.

If Friday’s DOW drop of 1000 points after a week of continued losses didn’t get your attention, you are stuck.

Gold’s prices are up…they have remained above $1000 per ounce while the DOW came back over the last year. That rarely happpens. Read the Gold Buying Guide, learn how to buy gold…then for gosh sakes…buy some gold. Do it now.

Is gold a safe investment? That is the question is it not?  I have been a gold broker, traded stocks actively for 24 years, ran two businesses and have some solid thoughts on the subject. Check out the site to read more or comment here. http://www.goldsafetysecrets.com

The US and the global economy has not seen it’s worse yet. Within the next 2 years, there will be a major re-boot. For some time, things will be chaotic. Learn enough about gold to decide if it fits your beliefs and to feel confident in making that decision right through to the buying and selling process from your personal industry expert – advocate….me.