[shrinkermd]

Last week Barron's had an article that basically trashed gold equities. This week they have a different author with a different view.

[IncPen]

Interesting article on the whole; I don't agree or disagree. This caught my eye:

The stock market sees a bright future for cheap drugs. It sees a lousy future for expensive drugs.

Seems to me the market for 'cheap drugs' is flat or declining by definition; the future has to be in 'the next thing'.

A sick person with no other choice will choose the drug that works, price be damned.

[sourcery]

[Orangedog]

Gold is insurance against a fiat currency being devalued to the point of being worthless...and every fiat currency every circulated has eventually had that happen to it.

[ExSoldier]

Two years ago I gold coins from Lear Financial. I bought $10 pre 1933 uncirculated Liberty gold coins and $5 Liberty gold coins. I spent several thousand dollars. I won't say exactly how much, but a decent sum from my mom's estate money. To date I have tripled my money and it looks like this is just the start. I was stunned when gold breached $325 now it is over $400. I think $800 is realistic and that is for bullion. Collector coins almost always beat bullion, because there is a finite supply and that supply is a lot smaller than the tens of thousands of ounces of bullion.

[arete]

Good article. Thanks for posting it for us.

Richard W.