pm investor

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    • ON: Mon Mar 31st 19:45 PM
      Commented on:
      Get Out of Commodities - Barron's
      There are an almost infinite number of reasons that pm's will continue their bull market and a very short list why not. Supply/demand is and will remain positive. Mine production (and reserves) continue to decline even in the elevated price environment. India & to a lesser extent China both have a rapidly growing mid to upper class and these people save and buy gold and silver as do many countries who do not trust their currencies. (US?)Those countries (Ch & In) have a combined >$2trillion cash which they will spend to keep the eco growing and keep the population happy. The average comodities bull lasts 17 years and we're in #7. The dollar will continue to decline--trade and budjet deficits, social programs especially if the Dems make the whitehouse and just wait to see when ss, medicare, medicade expense grow--one is already in negative territory, oh yeah wars are paid by printing press and are ALWAYS infationary. Will the fed slow down the presses?---not a chance, they wish to buy (print)us out of any problem small or large $30b here, 200b there, 160b elsewhere and eventually we're talking real money. You know, war, Bear(+perhaps more), homeowner relief, 600 bucks/person, well--add your own. When was the last time you heard that Congress was controlling spending? I'm up in the years and I don't remember. Miniscule chance of turning bear in which case you might lose part of what you invest. Huge chance of continued bull and if it reaches mainia return will be enormous. I'm playing the odds with GOOD mining companies. I've tripled so far and mania=X10, bear=X.5, good bet?
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