Some people may think this guy is a little crazy, but he is one of the
few voices in Washington trying to save America from itself.
I like gold, but I would wait for a pull back, some junior producers
are having a nice run (Yamana gold and Kinross gold are my top holdings).
I like oil, but I would not be looking at the big boys. Independents
with natural gas exposure like Suncor (A little bit pricey right now)
and XTO Energy (good entry point is under $60 IMO) are my two largest
holdings. They will do well as oil hits $120 this year
I can’t watch the video right now, damn bandwidth restrictions, but I need to ask how you can surmount the inability of gold to back the current world economy as Art, rightly, points out.
I don’t think we would need to be on a full gold standard, but at least have our money tied to something hard (like 10 - 20% reserve holding of gold). As it is now, our government can freely print as much money as they want. Ever wonder why the M3 is no longer publlished?
What everyone is ignoring, is that the price increase in oil has as much to do with weakness in the dollar as it does with an actual real increase in the cost of oil in terms of har assetts like gold, or more stable currencies that have not been as weak over the past year.
I experience that my juniors are actually lagging in appreciation compared to the physical price of gold at this time. But that’s in tune with mining stocks history of the 1970-1980 period. I’ve held Pelangio for some years now and PLG.TO along with PIED are two of my favorites at this time.
I believe that Silver is undervalued vs. Gold at this point in time.
Also look for Uranium mining companies to give you a nice return from their current prices over the coming years. Especially after 2010.
I believe that Silver is undervalued vs. Gold at this point in time.
Also look for Uranium mining companies to give you a nice return from their current prices over the coming years. Especially after 2010.
Uranium has already had a huge runup. That would have been good advice about 4 years ago. I think the real money will be in getting a Uranium mill up and running in the US. The lead times are on the order of 5 - 8 years.
People spend too much time debating the gold to oil to silver to platinum valuation, etc. They are all going to go up. Get some of each. Most gold producers produce silver also, they just report their produciton as equivalent ounces of gold, so you usually have some exposure even if you don’t know it.