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Why Gold and Silver According to this fact, can we say the smart money has taken a position. 3 phases to the bull market in gold. 1. Smart Money (yours, mine, few banks/mutual funds) 2. Majority of Banks/Mutual Funds 3. John Q. Public (always gets burned in the end). This low market cap makes for gold as a good undervalued investment. Market Cap for Gold and Silver: $70.6B http://biz.yahoo.com/p/_basicm-gldslv.html Sinclair made good calculations as to where gold is going over the long term. In the short term, guesses are just that! We can buy and hold gold mining shares, return in just under two years and find our mining shares quadrupled in price as in the 70s. The key to our investment is the inflation of the monetary supply….the more money Greenspan decides to jam into the system, the better for us. Money is seeking out the safe bet: bonds. As the fire hose shifted from stocks to bonds. Where to next? Gold and silver. No gloom and doom just the facts. Worldwide banking industry is about to tank due to $100 trillion in derivatives. Takes awhile to sink into the consciousness as to the inestimable amount of money that will cause the bank failure. What will happen to our money sitting in the bank? Who knows…better to sleep on it. |
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| aus der Diskussion: | Durban Roodeport Deep Adr (DROOY) |
| Autor (Datum des Eintrages): | peter.wedemeier1 (19.03.03 09:39:45) |
| Beitrag: | 107 von 421 (ID:8925068) |
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