<<patron, my current strategy has been to play only with PM equities. If the fundamentals and technicals appear to align at some point in the future, re the real stuff, I think it will at that time be the better play>>
I think there's a role for both, and it's always good to find a low-risk entry point for either. For most investors, it's simply easier to trade the stocks than deal with the inconvenience of buying and possessing physical. IMHO physical PM's should be at least a small part of EVERYONE'S assets (1-2% of liquid assets), primarily as a hedge against major market meltdown a la '87 (where gold stocks cratered along with the rest of the market), or as a hedge against fiat currency mismanagement in general. Of course, philosophically speaking, it's never bad to own at least a little physical as a "vote of confidence" in the mining stocks, either. If we do get the kind of major bull in the POG we're talking about, it shouldn't hurt the stocks at all, provided we don't simultaneously experience massive political and economic upheaval (like Roosevelt outlawing private possession of gold in 1933, or miners being "nationalized" as a result of some sort of socialist revolution, etc.) Besides, the coins ARE cool to look at!<G>
tulving.com
Should be an interesting week ahead, one way or the other.
Regards
Patron |
