Plenty of silver with the base metal mining? We're in a silver shortage position and have been living off recycled silver, which can't go on forever, with more and more silver uses.
Until there's a dollar event? Good heavens--look at the dollar chart. This is the event. The dollar is sliding, sliding, sliding. That's an event.
And you trust the Fed to stop monetizing the debt? On what planet?
As for the Buffet bet on Burlington Northern, that's a bet on peak oil, not a bet on growth. It' a bet on diminished trucking and an interesting step at that.
Gold and Silver 'Bubble' Has Long Way to Go [View article]
Yes, I have wealthy friends who are tiptoeing into gold after I've been hounding them for years. They're cautious on the market, but relying on "safe" fixed rate investments. At any rate, we're certainly not in a bubble. Gold and silver are are of very few investments you can make right now and are very underpriced. I switched from GLD into SGOL--I have a bunch of physical and miners. I also went into the new SILV. And it's true that the rise in many of the miners is merely correcting an incredible, undeserved crash. But I did buy a bunch of SLW at a little over $3.
On the other hand the dollar and gold aren't always in lockstep opposition. You may have a chance to buy lower, of course, but in the long run it probably won't matter significantly. Unless you're buying enormous quantities. And in what form?
5 Reasons Not to Buy the Canada ETF [View article]
"It might also be a recipe for disaster if the price of gold is far out of range."
What does this mean? That the gold miners won't make more money with a higher priced gold? That people will stop buying gold? That's a very mistaken assumption. When conditions worsen and more money pours into gold, even more money will pour into gold--which is actually a relatively small market.
Is the U.S. Dollar Headed for a Mighty Crash? Part I [View article]
The Chinese are much more sophisticated than we are. They think in terms of decades in the future. Long-term planning in Washington is said to be two weeks. The Chinese have been buying gold since 2003 and only a month or so ago revealed this truth--in order to warn the U.S. about its dollar policies.
Anyone paying attention sees the handwriting on the wall. It's not a matter of belief. It's a matter of looking at the facts.
Treasuring PRICES are declining. Long-term rates are rising. That's BAD for the Treasury market. Bad for borrowing. Bad for those of us who live in the United States. Unless you're in precious metals.
Will Gold Stock Earnings Surprise Anyone? [View article]
And then another turning point comes and it's all different again. What's the turning point? A technical chartist's hidden pivot? An international incident? Or do these two strangely coincide? Hold a few gold and silver stocks as well as physical. The PMs have gotten beaten up this week so buy.
Precious Metals Are Bullish on Pullback [View article]
Gold looked quite strong overnight and rose to 952 before I went to bed. It's still relatively strong compared to what the analysts predict, a fall to the 850-880 area before spiking up. Here's your buying opportunity. At least hedge a little for your own personal safety.
A Golden Investment in 2009 and Beyond [View article]
This will be the year of gold. Whether it will continue thereafter, who can say. But the miners are a buy. And silver. Ah, the wonder of silver, which is in short supply.
Silver Prices Are About to Fall [View article]
Until there's a dollar event? Good heavens--look at the dollar chart. This is the event. The dollar is sliding, sliding, sliding. That's an event.
And you trust the Fed to stop monetizing the debt? On what planet?
As for the Buffet bet on Burlington Northern, that's a bet on peak oil, not a bet on growth. It' a bet on diminished trucking and an interesting step at that.
In Search of Elephants: Purchase or Perish in the Gold Mining Industry [View article]
Gold and Silver 'Bubble' Has Long Way to Go [View article]
Gold Pierces Through 'Resistance' [View article]
The World's Top 10 Gold Miners by Value [View article]
5 Reasons Not to Buy the Canada ETF [View article]
What does this mean? That the gold miners won't make more money with a higher priced gold? That people will stop buying gold? That's a very mistaken assumption. When conditions worsen and more money pours into gold, even more money will pour into gold--which is actually a relatively small market.
Is the U.S. Dollar Headed for a Mighty Crash? Part I [View article]
Anyone paying attention sees the handwriting on the wall. It's not a matter of belief. It's a matter of looking at the facts.
Why Gold Is Losing Its Shine [View article]
Why Gold Is Losing Its Shine [View article]
Will Gold Stock Earnings Surprise Anyone? [View article]
Are We More Like 1932 - or 1923? [View article]
Gold Is Going to Gain [View article]
Gain can mean not losing all your money, having a roof over your head, and eating.
Precious Metals Are Bullish on Pullback [View article]
No Gold Bubble [View article]
A Golden Investment in 2009 and Beyond [View article]