Wednesday, October 13, 2010

There is No Such Thing as the Boston Gold Party

It’s not like it was ever recorded in history that a large group of sailors dumped into the sea and destroyed their ship load of gold bullion because the price has gotten so low or even for the sake of some kind of labor strike or political action. No sir, there is no such thing as the Boston Gold Party - this never happened to gold or to any type of precious metals like silver, platinum, palladium and etc, and possibly never will happen. Why? Well first of all, gold and other precious metals are not perishable commodities. These metals don’t rot with time in an optimal environment. Secondly, gold and other precious metals possess a virtual perpetual rise in value as time goes by. From this very fact, one can deduct that an event akin to the Boston Tea Party for gold and other precious metals will never happen.

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