(PRWEB) June 06, 2013
Paul B. Farrell with MarketWatch recently wrote an article in which he describes, in detail, how a stock market crash before the end of 2013 is not only possible, but very likely. Farrell quotes sources such as billionaire Warren Buffett, economists Peter Schiff and Gary Schilling, CEO of Doubleline Capital Jeffrey Gundlach and others, as well as historical facts, to develop his theory that U.S. stock markets are long overdue for an implosion.
Farrell contends that the stubbornness of Fed chairman Ben Bernanke, along with the non-stop chatter about housing and job market recoveries, have caused a consumer confidence bubble. Stewart Lawson, vice president of marketing for GoldPrice.net, says he agrees wholeheartedly with Farrells analysis.
Id say that the likelihood of a stock crash this year is 87 percent at a minimum, Lawson said from his office in Dallas, TX. Government agencies, the media and investment banks as well as their brokers have been shoving this recovery nonsense down our throats for the last couple of years, but I talk to people every day who tell me that this recovery hasnt trickled down to them at all. Prices for food and gasoline are higher, unemployment is up, cities are going bankrupt and we are supposed to believe that the stock market is safe? So much stock market trading is done by machines and a few weeks ago a single tweet from a hacked AP Twitter account caused the market to nose-dive. Id say that an 87 percent chance of stocks crashing this year is an understatement, but the facts and quotes he uses in the article are very frank and refreshing, Lawson added.
Lawson recommends hard assets such as gold and silver, and if someone is insistent on being involved with the stock market, they should consider ETFs that are based on commodities. Cash accounts and mutual funds have done well in the past, but anyone who looks objectively at our economy can tell something doesnt feel right.
Gold Price (GoldPrice.net) is a precious metals dealer with offices and depositories in New York, Texas, California, Utah, Delaware and Puerto Rico. Gold Price specializes in physical gold and silver such as modern bullion bars/coins and certified rare coins. They offer investors a free award-winning gold starters kit by visiting http://www.GoldPrice.net or calling 1-800-767-1423.