- 12-30-2008, 03:04 AM
With gold you need to watch for a 'decoupling' trend from the US dollar - this indicated the price is no longer linked to the rise and fall of the USD, rather is recognised as a 'currency' in it's own right.
- 12-30-2008, 03:08 AM
12-30-2008, 08:42 AM
12-30-2008, 08:46 AM
12-30-2008, 08:55 AM
12-30-2008, 09:06 AM
12-30-2008, 09:14 AM
12-30-2008, 09:21 AM
12-30-2008, 09:21 AM
Wicked than i can sell my teeth for food, although i will have to get it pre chewed..
Note to self: get gold teeth.
12-30-2008, 03:39 PM
Alright. I've sold all my mutual funds except for 1 S&P Fund.
5% Yamana Gold Inc. (USA) AUY
A Canadian Gold company poised for 100% growth over the next 4 years. Offers a small monthly dividend. Planning on holding long term to take advantage of future gold price increases.
5% Pengrowth Energy Trust (USA) PGH
A Canadian Oil and Natural Gas Trust offering 20% dividends which I plan on reinvesting through a Dividend Reinvestment Plan (DRIP). Planning on holding long term to take advantage of future oil price increases.
12.5% SPDR Gold Trust (ETF) GLD
A trust which has 23 billion in gold stored. Its primary purpose is to mirror the gold market. Plan on holding long term to take advantage of future gold price increases.
10% ProShares Ultra Oil & Gas (ETF) DIG
A fund that owns shares of securities highly tied to the price of oil, which causes shares to respond approximately twice as much as the price of oil. Oil goes up 5%, it goes up 10%, Oil goes down 5%, it goes down 10%. Plan on holding short term. Looking to sell when Oil gets to 35-40 a barrel.
8% iShares Silver Trust (ETF) SLV
Same as the gold trust. Long term play.
12.5% USAA S&P 500 INDEX MEMBER SHARE USSPX
This is the last of my former almost all mutual fund portfolio. Keeping it just because a little US market exposure can't hurt....
Looking to buy:
More PGH and AUY, or possibly other stocks in the same sector, and Yanzhou Coal Mining Co. (ADR), YZC, a coal company in China.
12-30-2008, 04:42 PM
That looks pretty smart Rob! Gold looks solid, but historically it looks like silver may give an even greater return than gold. Does anybody have any info on the Amero? One source says it's backed with silver, another says gold. I'd think there might be better security in the standard metal, whatever it is.
12-30-2008, 04:58 PM
As for the Silver, I agree. Silver looks under priced compared to gold. I feel safer having precious metals than money right now. I think they both should do pretty well long term.
Everything I've read on the Amero is speculation. If they were to implement it and actually back the currency with an objective standard of gold and silver I would be SO all for it. However, considering most currencies are fiat now, I think the odds of that happening are pretty low....unless Ron Paul wins in 2012.Does anybody have any info on the Amero? One source says it's backed with silver, another says gold. I'd think there might be better security in the standard metal, whatever it is.
My theory is that the Fed and Treasury will devalue the dollar into worthlessness and then implement the Amero to sneak out of the inflationary nightmare of their own making.
A problem with the Amero in theory is that a common currency will hinder a poorer country such as Mexico. For example the Euro works fine for Germany and their stronger industrialization, but hurts the weaker economies in Italy and Spain. Obviously if the money was backed by precious metals I don't think this would be the case.
I have seen the idea of using gold as currency cropping up. Basically you have gold in a bank, and you use a debit card to purchase items in gold. The legality of this has been challenged by the government, but if legal it would be ideal.
12-30-2008, 05:13 PM
Also, it looks like China is buying all kinds of metals, not just precious. I wonder what that's all about.
12-30-2008, 05:29 PM
These are some good points - that is the risk with gold... but these are risky times.
One thing there is a huge shortage of is Rare Earth Elements (REEs).
Another note about Tin - it is now seen as a 'green' substitute for lead - lead has been banned in the EU.
China is the key ;-)
12-30-2008, 05:45 PM
12-30-2008, 05:50 PM
12-30-2008, 06:53 PM
12-30-2008, 11:42 PM
Most places you go will spew out your standard invest in the market and over time you will see growth strategy. However, there are serious inherent flaws in this strategy, namely inflation.
I recently read "Crash Proof, How to Profit from the Coming Economic Collapse" by Peter Schiff, and his insights are golden.
There is mounds of raw data out there, and the best thing you can do is try and interpret that data into a coherent strategy and follow that strategy. My strategy is based on the premise that the dollar is dying and I'm taking what I think is the optimal strategy to maintain profits in this environment.
12-30-2008, 11:52 PM
The value of precious metal is in the labor that it took to find and mine them as well as the the effort to refine them. That gives the metals objective value.
Metals like tin and commodities like oil are wanted for their utility alone. Precious metals have both utility and ascetics pushing their value.
12-30-2008, 11:54 PM
01-10-2009, 06:22 AM
FYI: Gold Fever....this is just the start.
Gold rush erupts over financial crisis
By Nick Gardner
The Daily Telegraph
January 10, 2009 12:01am
All that glitters ... investors are are ploughing billions of dollars into gold to fend off the financial crisis.
• Record rush on gold in Australia
• Investors convinced gold's a safe haven
• Only time will tell if it is
THE global financial crisis has sparked a new gold rush.
Worried investors seeking a safe home for their money are ploughing billions of dollars into the precious metal in a bid to preserve their wealth, The Daily Telegraph reports.
Demand has now reached such unprecedented levels that the Perth Mint, Australia's biggest wholesaler of gold coins and bars, has been forced to ration its sales.
Perth Mint's bullion sales rose 194 per cent in the December quarter compared with the corresponding period in 2007, while silver bullion sales were up 140 per cent.
The mint has suspended sales of all gold bars and all bullion coins - except its 1oz "Kangaroo" gold bullion coin.
On Monday, after a three-month suspension, it will expand its range of bullion coins for sale but the restrictions remain in place for minted gold bullion bars so the mint can sell some gold to as many customers as possible.
"We are working three shifts a day, six days a week, and still can't keep up with demand," Perth Mint CEO Ed Harbuz said. "I've never known anything like this in the precious metals market.
"We would be working Sundays too but we are having difficulty getting enough staff."
Non-minted gold in the form of cast bars produced by Perth Mint's local refinery can still be bought, although customers who want the bigger bars often have to wait several weeks.
One customer recently bought $500,000 worth of bullion and wanted it delivered so he could hold it personally.
"For very big orders we normally keep the gold in our depository for security reasons," Mr Harbuz said.
"Orders of $10 million or more are not unusual. Often the orders are much larger if we are dealing with pension funds or institutional investors."
01-10-2009, 09:35 AM
01-10-2009, 06:47 PM
01-10-2009, 08:01 PM
01-10-2009, 08:04 PM
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