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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG (MODERATED)
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To: manothelake who wrote (10)9/27/2013 12:20:52 PM
From: detlef gerlach   of 51
 
I agree with your thinking. Precious metals are an insurance policy, even though presently I believe the potential for a rise in PMs is there. Between owning PM coins, owning CEF, PHYS and PSLV(premium is pretty high) and some of the miners (I subscribe to John Doody, The High-Tech Strategist, and Casey Big Gold), one can be diversified enough in case of a sudden crisis (which I also believe is unlikely, but possible).
Cash is important as well. I have very little in my bank safe deposit box and virtually nothing in my home.

Right now the market is too unpredictable for me to feel comfortable being exposed to it. Hopefully in the future we will not feel the need to own any PM related entities, but that may take a while.
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