If investors were samart . . .
in response to
by
posted on
May 02, 2008 05:42AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
One man's oppinion on where the "smart" money should be "invested!"
"So, if there is any such thing as "smart money" out there, you know where it should be going – but it doesn’t. If there was any such thing as "smart governments" out there, you know into what type of asset class they should be encouraging investment – but they don’t (except for maybe China, which actively encourages its citizens to buy gold).
Where does that leave you, as a retail investor?
Should you "fight city hall" and put your money in gold rather than oil? Well yes, of course. (What was that famous investment maxim, again? Buy low, sell high – right?)
The lower gold goes, the more you should be buying. Why? Because you know it won’t stay low. Besides, what we call the "price of gold" is a complete mirage anyway, and the fact that it is being manipulated downward in this worldwide financial crisis amid heightened inflationary expectations should be seen as yet another indication of official stupidity, and therefore as a gift from ”stupid” - straight to you.
Euro vs. Dollar Gold Monitor subscribers are aware of technical warning signals of (yet another) impending precious metals sell-off are mounting, but so what? All the more reason to buy in when gold drops down to $800. If it drops even lower, the better. If the fiat establishment feels compelled to let you buy the only thing that can be used as physical money and that has real value for less and less worthless scrip, so be it.
In the end, you'll have the gold, and they will have the worthless fiat scrip. Now that's what I call a "trade"!
Got gold?
Alex Wallenwein
Editor, Publisher
"With Global inflation rising rapidly (The price of rice, feeding 3 billion of the Earth's population has tripled in the last year!) and the US money supply inflating at 17% even a 'blind pig' could mete out (see!) gold and related equities as a future profit 'generator!"
"a 'blind pig' knows you have to be in a forest if truffles are on the menu!" ANON
RUF