Is nowhere safe? Even physical assets - which are usually considered a safe-haven from stock market turmoil - have fallen sharply in the last month. Only gold and silver have held up against the tide…just. Commodities specialist Lee Lowell says there will be plenty more volatility in the weeks to come. But he says those who do not join the panic selling will win out in the end…

Now that aggregate government spending is approximately half of all spending in the country, the major point of all the recent losses is the effect that Florida, like many states, is discovering to its horror that tax revenues are falling as the economy spirals down and down.

Gold and silver didn’t do much from the opening in the Far East until the London p.m. fix at 10 a.m. NY time. Then both began to rise from that point onward. Gold finished up $16.80 and silver was up 28 cents. I was underwhelmed, as the dollar finished down almost a full cent. However platinum and palladium had a stellar day…both doing much better than silver or gold. That’s because nobody has a thumb on their prices. However, the gold equities were on fire, so I’m thankful for that.

Lee Lowell at The Smart Profits Report says commodities are continuing their late summer swoon. Crude oil, natural gas, gold and silver have all taken heavy losses since mid-July, when the dollar began to rally. But like a lot of the contrarian investment experts we have published here on Contrarian Profits Lee says these commodities are oversold right now. A sharp rebound could be just around the corner…

Nathan Lewis, the author of Gold: The Once and Future Money, says inflation is the biggest threat to your capital. Following the advice of stockbroker Gerald Loeb in his book The Battle for Investment Survival, Nathan says the best way to protect your wealth against inflation is “hard wealth”: gold, silver and other commodities.