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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Step1 who wrote (1037)	11/20/1998 10:50:00 AM
From: Chip McVickar	Read Replies (1) of 3536

Stephen, Owning anything related to Gold and Silver mining has proven over the last 18 years to have been a "stupid" investment and counter to the trend in the explosion of electronic currencies and financial markets. This is very obvious. Putting $5000 into Intel or Microsoft or Dell 18 years ago would have given you a serious nest egg by now. In gold or silver stocks you would be extremely unhappy. [On a buy and hold basis] If you believe the known international financial crisis will shortly destroy the value of your paper money and leave it worthless I suggest you purchase a certified bag of circulated silver coins at your local coin store. They are cheap and easy to hind in the ground and will provide some purchasing power in the event you are correct. If you wish to invest in Gold and Silver mining companies, that is a different animal and requires some time learning which companies stand any chance of producing acceptable returns......if the price of silver and gold and the interest in them ever "Returns." There are economic conditions that effect these sentiments like inflation, etc. My opinion is to look for companies actually producing something, are making money at these low commodity prices, have low debt balances and invest only 5-10% of your worth [there are many other factors]. But also, be aware, that for some reason "Gold Bugs" are highly emotional people and investors....they often attempt to sell whatever they are marketing, by using inflamed rhetoric based on ones fears about the instability of worlds conditions. Here are 3 threads that may add to your knowledge and understanding of Gold, Silver and Platinium mining arena. Gold Price Monitor Subject 15208 Silver Prices Subject 11925 Precious Metals Mutual Funds Subject 19473 Good Luck Remember, I am not a financial advisor and these are my opinions only and they could be wrong...frequently are. Chip Edit: Pauls mentioned futures this is another animal again, but you better understand that complex world by all its nuts and bolts before jumping in.

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