#1 QUESTION: Mr. Armstrong, do fundamentals really matter? It seems like the commentators can focus on whatever they want flipping it bullish or bearish based upon their views at that moment.

Thanks for all you do

MK

#2 QUESTION: Hi Martin,

   Thank you for all that you do. I have truly been enlightened to the gold & silver scams that have taken place over the last several years. I was taken in by this non-sense as well. Anyway, I have a question that I have not seen addressed on your sight. If it has please forgive me for asking it again. When gold & silver final begin their ascent, would it be safe to use the GLD & SLV ETF’s instead of the physical.

Best Regards,

 K

ANSWER: Fundamentals really mean nothing. It is the aggregate mood of the entire economy that dictates the trend. When there is a recession, it is next to impossible to convince anyone things will change. Likewise, in a boom, people simply expect it to continue. Those who pretend to be fundamentalists can spin all they want. The trend is bullish or bearish and no single event will reverse the entire trend of the economy as a whole. Everything has to move in coordination.

Physical gold is a starkly different animal today that was in 1980. As governments are desperate for money, gold refiners are obligated to report every ounce they refine, where it came from, and to whom it was sent. You cannot leave gold in a safe deposit box. Read the fine print under the terms and conditions. You are not supposed to keep cash in there. This is now considered to be money laundering and it could be confiscated. If the bank failed, good luck. They will go through the safe deposit boxes and seize whatever the government wants. I have just reported the shockingly low level of cash being seized from people in Washington DC – less than $20 at times.in civil asset forfeiture. This is coming down to if the police need pocket change for donuts – hey hand it over.