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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Claude Cormier who wrote (25538)11/15/2006 12:36:11 PM
From: TH  Read Replies (1) of 78409
 
Hello Claude,

I have one comment about physical vs. the remotely stored type.

I am an investor that sometimes lacks in discipline. The best thing about physical gold for me is that it is a lot of work to sell and the premium is not conducive to maximizing returns on frequent trades.

Owning physical has saved me from me so many times in the past 3-4 years I can't count them. I put a lot of my assets into physical back in late 03/early 04 and made a little schedule of planned sell points. At $725 I planned to roll off 5% and I did. I don't have any more to sell until $1040.

I look at the annual return holding physical over the past three years, and although it is no where near as good as trading juniors, it is has been more than acceptable.

Holding that heavy stuff is a burden, but for someone like me that is slow to buy and fast to sell, it has really helped me "stay the course".

GT
TH
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