About us
Goldsource’s new focus will be directed towards the accentuation of shareholder value by physically owning these metals as a hedge against inflation, with the explicit intent that the value of its shares will be backed by real assets, not paper promises. There is widespread belief among many economic observers that the recent printing of U.S. currency will inevitably devalue the dollar and drive up inflation. The question is no longer if, but when and how high.
Market Opportunities
Goldsource management has become convinced, based on current market conditions and foreseeable trends, that precious metals represent an outstanding investment opportunity. Recently the U.S. Treasury has printed more than one trillion dollars of new currency. Further, this pattern of behavior suggests that continued actions will serve to further erode and debase the nation’s currency value. Based on recent projections, U.S. debt in the next few years will exceed 10 trillion dollars, a debt level that will exceed 80% of the country’s GDP. Many highly esteemed and respected economists have expressed that one viable strategy as a hedge against inflation is in the metals sector, and market developments strongly suggest that investors are already beginning to take note. Gold has risen from $200 to over $900 per ounce and silver is nearing $20. Silver and Gold have been stores of value of wealth since the beginning of time and there is no indication that this condition will change. Governments in the past had held over 5 billion ounces of silver, but these reserves have essentially disappeared. The last store in the U.S. was the strategic stockpile in CA.
Under present conditions, there are no longer sufficient reserves of precious metals in the world to cover the manufacturing sector, let alone serve to back currencies. Silver went into con tango several times in recent years. In addition, the growing economies of Asia and the Middle East will demand tremendous amounts of silver that do not exist. It is becoming increasingly likely that the rest of the world will grow weary of the U.S. strategy that involves accelerated printing of paper dollars and deficit spending of trillions that continues to drive up an already bloated national debt, and will soon demand a world reserve currency backed by gold and silver. China has already suggested such a plan and several Arab states are implementing a gold-based currency. It is unavoidable that just the service of current debt levels will decimate the value of the dollar and has the potential to push inflation to historic levels Goldsource has assembled a highly experienced team of professionals that will seek the best prices for precious metals to stockpile and allow the inevitable appreciation to take place.
