Re: The Reasons to own Gold / fastfoot/Koala -80/20
in response to
by
posted on
Dec 14, 2010 07:07AM
Koala - I like your line of thinking on this article - 80% precious metals/20% cash. We seem to be in unprecedented waters with massive world debt & fiat dilution - hence the rush to gold & silver. Companies owning these commodities will shine like never before - especially Jr's ready to go into production like Silverado.
Would love to see Warren Buffett add significantly to gold - also can't wait to see how far China's 2009 year end gold reserves of 1054 metric tons go up - it should be quite interesting. 2011 will set a lot of records.
P.S. As Grim points out - Silver on Eagle Creek is another bonus!