Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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To: onepath who wrote (71465)	8/24/2011 9:01:13 AM
From: koan	2 Recommendations Read Replies (1) of 78420

I think those guys miss some of the larger points on the gold move and lack of gold stock movement. The fast move in gold is the result of people becoming aware they have no reliable currency of last resort. Can't just automatically go into the dollar, yen and euro. The failure of mining stocks to move is the result of 30 years of technical damage done to mining stocks highlighted in 2008. Boom and bust. Could not invest in them for the long term. That is about to change I think. And in the positive variables are the historically low interest rates, which means people invested in gold do not lose opportunity costs (there are no opportunity costs, no opportunity-lol). I am sticking with my prediction that gold will go over $2,000 and that will become a new floor. This will allow lots of gold to be produced to create a "new" currency of last resort. After what has happened the last 4 years people will never again trust stocks and bonds as the way to preserve wealth over say 40 years, like they have in the past. Gold and silver will be used as a normal hedge say 10% of peoples wealth. But who knows?

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