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To: BenLurkin

Not a word about gold. Good. The "stealth bull market" will see $1000 gold well before anybody but gold bugs starts really paying attention.


8 posted on 05/14/2006 11:19:42 AM PDT by jiggyboy
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To: jiggyboy

Gold is only good in crisis investing. Long term the price doesn't rise and the storage costs cut gains.

It and silver are not a scarce as one may think. When the price gets real high, the gold jewelry wearers in India and other places cash out and suddenly there is a lot on the market.


10 posted on 05/14/2006 11:48:10 AM PDT by RicocheT
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To: jiggyboy
Not a word about gold. Good. The "stealth bull market" will see $1000 gold well before anybody but gold bugs starts really paying attention.

Some say gold is headed to $1650. You do not have to buy gold (or silver) buillion to invest in in. ETF's (Exchange Traded Funds): GLD and SLV are the same as holding the metals. If you pull the chart, you will notice in this market correction the last few days, while almost everything else went down (including the high-flying mining stocks), GLD still went up slightly.

All precious metals, gold, silver, copper, titanium, uranium, etc., are in a supply/demand pinch and are rising and will likely continue. Gold is a hedge against inflation and the deterioration of the dollar, which is in decline against other currencies due to runaway spending & debt by the US guv-mint.

I am also starting to invest in Canadian Income closed end funds, which yield 8 to 11%, and are rising slightly in value, plus the US dollar is in decline against the Canadian dollar, so you gain a little bit two ways on your investment, plus the income.

To each his own.

11 posted on 05/14/2006 12:04:02 PM PDT by Babu
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