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Always do your own due diligence. We seek safe harbor.
This is all hogwash. Gold, silver and miners are FINITO.
Really? Perhaps you make a (huge) mistake in your analysis. Specifically since you seem to be so very sure about your opinion.
Not if you can manage to time things correctly. I made a nice 90% profit in 2008. I would not bet the farm on gold miners but I do have a 10% allocation in them. Remember, (I hate to quote that guy Jim on t.v. but…) bulls make money, bears make money, but pigs get slaughtered. When you make your money in gold stocks, sell ’em and buy land, silver bars if you can find them at that time (probably not much), bullets and lots n’ lots of canned food.
Gold is a shiny yellow rock. Who is left to buy that hasn’t already bought over the past 5 years?
Most of the unwashed, Johnny. You can’t eat a gold bar but you also can’t carry a ham sandwich in your pocket for a long period of time.
Hi!, Patrons Of CEO CA Et Al:
The gold shares fit in perfectly with todays’ economic propensities; that is they are value in the ground from where gold originates and are therefore safe from confiscation of the gold they represent, because all of society today is far too lazy to dig the gold they represent out of the ground and that includes ALL politicians of every stripe. Nothing can be more safe than that cant it? The lazy don’t work and the politicians are willing to support the unemployed/underemployed with taxpayers’ funding or as Margret Thatcher was fond of saying: “other people’s money.” When all the economic dust settles, gold shares are there to lift OUR miners’ product from the ground where the gold will serve all mankind as real money……again! Unlike the US $, gold shares represent gold don’t they? Gold shares prices may be cyclical like the econmoies of the world but no matter what they continue to represent gold itself huh? If you don’t like gold stocks then you don’t like gold! Gold stocks and the gold they represent are synonomous aren’t they?
RUSS SMITH, CA. (One Of Our Broke Fiat Money States)
resmith@wcisp.com
No. you can make a dollar profit if you call it perfectly but most people would not. Buy physical gold and silver in bars and keep it at your house and other locations. I have gold stock but that’s a risky bet that I’m willing to take with less dollars. The low risk is gold and silver bars to be USED in a U.S. currency default. Good luck all.
Mr. Paulson’s investors have been incredibly patient. Until now perhaps…? Made famous for his ‘call’ on the mortgage debt/real estate crash, his investors ‘forgave’ his post-crash foibles by remaining 93% steadfast to his next prescient ‘call’ that few others would see. The 48% loss they suffered only emboldened 7% to use the ‘gate’ and extract their capital.
Now, these loyal and patient remaining investors stand in the midst of another huge loss on an “early” call. Instead of presciently foreseeing a ‘black swan’ few others recognized, Mr. Paulson fell in the trap of the simplistic and erroneous notion of QE creating inflation in and of itself.
Ultimately, his wager may prove out. The question remains, how many investors will he have left by then?
In the meantime, those still in may want to buckle up for much more substantial losses from here.
Are you positive about your prediction? Many would agree with you, but many of us do not.