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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: JimisJim who wrote (19107)5/30/2010 6:41:03 PM
From: Amark$p1 Recommendation  Read Replies (1) of 48092
 
Oh, your questions certainly make sense as they are the same as mine...

Personally, I think his comments on having your wealth outside the financial system seems of key importance. Actions could include:

1) More physical gold and silver ownership
2) Own more oil & gas royalty and working interests and sell oil & gas stocks.
3) Have been renting for past 3.5 years, will likely be buying a house within the next year or two with minimal down payment and 30 year loan.
4) Keep as little cash as possible in money market accounts and instead have cash in an A+ rated bank with low Texas ratio. (see prior post).

His outlook for commodities (other than precious metals) was not favorable... May have to re-think my long term core positions in U.to and SCP.to, both should be ok, but sure wish I could take physical delivery of shares in both or that U.to converted from shares to an allocated account like gold.
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