henarl

A Golden Investment in 2009 and Beyond

If you are using gold and/or silver as a hedge against the rest of your portfolio, then the mining companies make the most sense because of their leverage to the bullion price. A relatively small investment in mining companies could hedge against a larger portfolio without much downside risk. Long GG, GFI, SLW, CDE.

Bailouts, Inflation and a Golden Future

The government decision makers will always make said decisions primarily for the benefit of themselves and the elite 1% of Wall St and big business who have purchased their allegiance. Meanwhile their spin doctors will work overtime to convince the rest of the population that all of this is really for their benefit. When this doesn't turn out to be beneficial for the majority, the elite has always been able to find someone else to blame.
Gold is probably as good a place as any to hide, long term, in the upcoming financial disaster. Long GG, GFI, SLW, CDE.

Gold as a Truly Last Resort

No, the "truly last resort" is guns, ammo, and stored food. I would be concerned with the liquidity of physical gold in a chaotic and lawless society.
Meanwhile, as an investment that produces no income while holding it, it is inferior to other commodity type investments like oil, coal, agriculture, non precious metals, etc. If a person is totally hooked on precious metals, I would think platinum is the better buy right now.

Gold - Not the Safe Haven People Think it Is

Chris B is correct. Gold's reputation as the "only real store of value" is purely psychological and not based on any rarity or supply and demand considerations. However, mass beliefs, even if not based on fact, are critical in the value of gold and everything else.

Challenges in Gold Mining

traderstraff: Silver is an important industrial metal, used in electronics where conductivity is important. Gold is not really good for much except jewelry and as a "store of wealth" immune to the inflationary tendencies of your fiat paper money. Ask the people of Zimbabwe which they would rather have.

Challenges in Gold Mining

Your analysis sounds reasonable and would indicate that it would be far wiser to buy the bullion than the mine. By the time the mine gets its act together (34 years?) the price of gold could be in another down cycle.

Ron Paul's Investment Portfolio

Freedom: While we're abolishing, lets take down the IRS too.

Ron Paul's Investment Portfolio

Ron Paul is too honest and forthright to be a successful President. His agenda was a threat to the sinecures of the majority of our current politicians and bureaucrats and thus he could not be allowed to succeed. His investments indicate that he is also probably too smart to be President.