Don,
O what a surprise to hear you are now bullish on gold. For quite some time you had been making teasing remarks like, "Hurry, the elevator door is closing; gold is headed to lower levels", and "Ouch! Gold is now at $280!"
I tend to agree with you that gold is showing signs of making a comeback. But I am no expert in advising anyone on what forms of gold to park your money in.
I have invested mainly in junior gold stocks, especially those that are polymetallic plays like Metallica (MR.TSE), Trillion (TLQ.TSE), GMD (GMD.VSE), Fortune Minerals (FT.TSE), Palmer Resources (PMD.VSE), Pac-Rim Mining (PFG.VSE), Bema Gold (BGO.TSE) and, of course, the senior golds, Barrick (ABX.TSE), Placer Dome (PDG.TSE), Franco Nevada (FN.TSE), Euro Nevada (EN.TSE), Homestake Mining(HM.NYSE) and Newmont (NEM.NYSE). In addition, I have Maple Leaf and American Eagle gold coins, and also shares in silver equities.
I kinda like your insight that the Japanese Govt. will wait until the Winter Games are over before taking steps to shore up their economy and the YEN! I think it is going to be very interesting.
Cheers!
Richnorth |
