Hi Maurice, suggest you buy this book ... great reading, as in fun (humor), educational (history), and valuable (view toward the future not by the writer, but by the reader reflecting on the past):
The Power of Gold: The History of an Obsession
by Peter L. Bernstein
amazon.com
Notice the look ...
images.amazon.com
and compare that with the photo I posted the other day ...
asia.scmp.com
Peter Bernstein is an excellent read ...
amazon.com
And no, not to worry, Peter did not pitch gold as an investment.
First, some basics ...
gold-eagle.com
On the chart ...
(click on the right hand side icon for charting since 1833)
kitco.com
Here is a 32 year chart ...
gold-eagle.com
Reminds one of many Nasdaq shares, but with genuine demand, genuine floor price, recognized globally, for all of time.
For all the Central Bank, producer, hedge fund, etc selling, every ounce has been bought, and continues to be bought. The swing back promises to be absolutely ferocious.
What used to buy a bag of wheat and a few dozen boiled eggs can still do, except more eggs for less metal :0)
I also have a fondness for the the more rational platinum metal …
uravanminerals.com
platinum.matthey.com
Chugs, Jay
P.S. "Obsession" ... I do find it odd that my liking for precious metals increase in direct relationship to how much I already have of the stuff, and oddly, also in direct inverse relationship to the price.
I suspect that this is true for others as well, and therefore suspect that, as in going to the toilet and many other physical activities (no ... not what you think, I meant, more like starting a car), once the initial resistance and friction is overcome, it will be vroom vroooom zoom zoooom to da moon.
I basically target owning 3-5% of NAV in physical metals, increasing in line with my overall NAV. This is not really meant to make money, but meant as a Financial Reset Button. I buy mining shares to make money, and I have done that.
I joke about this, but it can be done ... maybe not legally, maybe yes, and so the market, in the aggregate, will see that it is done, sooner or later, with some variation. As Obiwan Kanobi (sp) said ... "believe in the Force"
Message 16025306 |
