Quote:
Originally Posted by camaraderie
Rick...you think it is NOW for Hyper? I thought it was supposed to be a year from now. What changed...the Chinese? Wasn't that predictable? Do you really think now is the time to jump in on gold?
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Buy gold and silver. The real thing. Take possession. Do not buy the GLD or SLV ETFs unless you like the risk attendant to playing "Old Maid" with a deck that contains mostly Old Maid cards.
I prefer silver, which only now is making a strong upward move to match gold, which itself is about to set repetitive all-time highs. Silver will retake ground that it already covered two years ago, then match and, likely, outpace gold in setting new highs.
Can't you just feel the precious-metals market scanning the horizon and trembling, about to plunge in for a long, long swim?
Get out of dollar-denominated assets. Buy and hold the physical metal for the long haul. There now has been a complete separation of the prices of physical precious metals and the paper gambling markers reported by COMEX.
Physical gold and silver are entering their Black Market days, from which it will be many years before they emerge. Go on line to our most prominent Black market - eBay - and price out completed sales of bullion coins and bars. Premiums are being charged by the few dealers who actually have any stock available for sale. Keep that in mind when you get depressed by the reported spot prices.
Spot prices are for phony paper silver and gold, not the real thing. The real thing has kept its value much better than you might think and it will do far better in the months and years to come.
Sure it is tough to shell out big money today for a one-ounce silver Eagle when silver's spot price is much lower. But that simply reflects the difference in real value. The spread will only get larger, as our government keeps "injecting liquidity" into the banking system. In the not-too-distant future, paper metal will be worth no more than the paper upon which it is printed - less than toilet paper, in fact, as in today's Zimbabwe.