The dictionary defines insurance as “an insuring or being insured against loss; a system of protection against loss….” I would suggest to most investors that now is the time to think about owning insurance against financial loss. The insurance I’m referring to is gold and silverAre there Gold stocks with P/E ratios below 7?. . . .
Bear market bottoms are accompanied by mass selling of stocks by the investment public, which has yet to occur. Dividend yields and P/E ratios are usually between 6-7. To repeat the words of Warren Buffett, we’ve only made a down payment in this bear market.
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