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Strategies & Market Trends : Investing for the Long Run

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To: tyc:> who wrote (13)6/30/2007 7:01:28 PM
From: loantech  Read Replies (2) of 68
 
As I am a mental midget compared to most on SI here is my best strategy and it has worked well for me in the past.

For a gold or silver stock investment:
1.Make sure they have some gold or silver in the ground before you buy it and forget the pure drill plays.
2.Make sure it fits my geographical comfort area. (KRY is one that does not fit.)
3.See if they really have a chance to go into production if not already in production.WGI is an example of one of these.
4.Management has a good track record.
5.See if they can make money on paper in today's gold price climate or even at lower prices. 10 years or more of production in the ground.
6.Buy and hold and hold and hold and don't try the slice and dice.
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