Posted on 09/06/2012 6:35:16 AM PDT by SeekAndFind
The next four months are packed with big political decisions that are sure to roil global markets. Investors are worried, and they continue to move out of stocks and into cash and bonds. I think that's the wrong move.
Their focus instead should be on gold.
While stocks are up 8% off of their spring lows, gold is up 11% and gold-mining stocks are up more than 22%. Last month, gold was up nearly 6% compared with just a 2% gain for the Standard & Poor's 500 ($INX +0.80%). What's more, the recent outperformance is likely to continue, with some on Wall Street calling for the yellow metal to take another run at $2,000 an ounce -- thanks to catalysts that will also pinch the fixed-income holdings retail investors are buying now.
Global central banks are poised to unleash a strong, coordinated dose of monetary policy stimulus. Politicians in Europe and here at home face a near-impossible task of balancing growth and budget austerity at a time when the stakes couldn't be higher. And food and fuel prices are heading higher, presaging more inflation.
In this environment, investors can't afford to focus on fixed-income assets that won't protect them from financial turmoil and higher prices. They need to return to an old favorite that's been shunned for more than a year.
Here's why gold is about to enjoy another rush of popularity.
(Excerpt) Read more at money.msn.com ...
Sorry, had to correct the previous post.
...and California banned dredging rendering my mining claim just about worthless.
I’ve never sees a picture of you panning for gold by the river! You are always running and looking at the camera. You are just a ham for the camera. LOL
PS. Just go to the city and tell them you are a minority. They will give it to you free! lol
PSS. I did not know sasquatch had a computer and internets!
I’m willing to ride that wave but I may soon have to cash out my IRA with the gold funds due to my unemployment. Since there will be penalties to cash out, a nice bonus just before would be good news.
What’s the best way to buy gold? If dumbo wins, I’m in.
“What’s the best way to buy gold? If dumbo wins, I’m in.”
There are coin shows all over the country. Walk in with a wad of cash in your pocket. Buy gold bullion coins, such as Krugerrands or Maple Leafs. No paperwork except the green kind — it is none of the government’s damned business. Then walk out.
What’s the best way to buy gold? If dumbo wins, I’m in.
Know their prices before you shop locally, to avoid getting ripped off.
Thank you!
In ‘08, my wife nixed the idea. Today, I think she’s open to the idea — now that it’s a matter of survival.
Thank you!
In ‘08, my wife nixed the idea. Today, I think she’s open to the idea — now that it’s a matter of survival.
“Buy for the right reasons.”
I view gold as a safer long-term alternative to inflated paper money. The highest I ever paid was $900, so it would have to drop a lot to get hurt. Is it too late to start? I don’t know, but I don’t think so. That depends on what fiscal foolishness the government does. Do you trust them?
“Might consider getting some fractional gold unless you want to have arguments about chisel placement.”
I would use silver coins for small transactions in a SHTF scenario. But....buy your long-term food, guns and ammo first.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.