Solid foundations. New horizons.

Free
Message: Where should investors turn?

Patience,

Gold will come back over the next 3-4 weeks...into the 1260-1280 range.

I still believe the Chinese are consuming Gold because the Comex has put it on sale

Same for Silver...but Silver is a trick...why? you can physically buy a lot more silver ( more than you can carry ) on a dollar for dollar basis versus gold.

That being said...if you want to put something in your collection 40 or 50 kg of silver looks nice !

Only problem i have with Silver is lots of mines dedicated to silver and lots of Silver as a by product of other types of mines. In addition, Silver is an industrial metal and right now globally...industries are not in a strong position to utilize a lot of silver.

When people are upgrading electronics and cars and cell phones and TV's and electronics etc...gold and silver are in high demand...I see a lot of old cell phones and everyone has a flat panel or 3 ...so I believe consumption is lower than expected.

I don't expect to by anything major or New over the next 5 -7 years...same is true for lots of my friends in Alberta. Lots of people are saving to retire...how many TV's do you need !

So I believe in Gold for Debt management...and trade swap against unstable currencies. In fact the latter, trade swap, is going on more rapidly than you can imagine

PRB news...next couple of weeks. No land Deal end of November i and several others in my cirlce will sell out slowly.

PRB is nice ...but going slow.

Good luck you have time !

Share
New Message
Please login to post a reply