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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: lbs1989 who wrote (1106)	5/27/2001 6:16:55 AM
From: d:oug	Respond to of 4051

lbs1989, With interest i followed your post and replies to it. In a similiar & different way i have the same situation. Currently i have a basket of 12 gold mine companies, and roughly because i find it hard to examine the status since i get these "What the bell was i thinking." feelings, and these deeds were done after i asked folks on this thread about what i was to do, being buy big volumns of in-the-toilet penny stocks. Of the 12 only 1 is the same, 3 have bite the dust w/ belly-up and 8 are about on average 50-75 percent lower. Using the fact that i want to continue this money into shares of gold companies since i also feel that this is a good way to protect the value of this paper curency if as expected inflation becomes high based on too much fiat & credit, then physical gold will once again stand tall as that standard to based fiat curency and its use as store of value to reflect a lessened value for a usa dollar causes it gold price to increase and then hopefully a share in a gold mine company. ok, just the same story we all have heard and most believe. So what do i do. As i mentioned, i asked not so much for advice when i told folks here what i was going to do, buy extra cheap penny companies in the 5 cents to 1/4 range rather than into already producing gold companies in the dollars range. ok, i goofied big time, but what can i do today. I still think the price of gold will increase sharply, low guess is the $350-$450 range medium guess is $600 gata nut guess is $2,500 causing all share prices to increase. If i hold and wait for a gold price pop, then yes my poorly shares will increase. Guess my question is risk & safety. If i wanted this investment to deliver a return later as either my retirement or to pay for college costs for my grandchildren, then best to have shares into already well stable solid producing with good reserves. Lets say 3 of those companies she hold shares in are not in a recommended list for safety or risk/reward. Rather than wait for an expected pop in the price of gold so that the share price of these 3 increase, it might be a wise move to sell them now before any pop and directly buy into the safety or risk/reward group. If you wait for that pop so as to get more for a share, then in parallel those "better" companies will also pop in share price, and it might be that they will increase more than those three for example that have not as good ratings. Guess what i'm saying, using myself as an example. Sell now with price of gold still low and still under a dark cloud. Get only a fraction, less than 1/4 of my initial investment back. That that cash and buy a bunch from recommended on this thread. Some very safe w/ limited growth. Others more speculation w/ possible big growth in share price. But bottom line is that all have the best chance to stay alive and not belly up. Third group of high speculation for possible multiples in share price, but not that risky that they might crash & burn. Someplace on the start of this thread i think one of these guys you post to listed the factors to consider & learn for a gold producer. - where located, country - government, federal & local - proven reserves - management - and i'm cluless to what else So bottom line, a possible to do, sell all now except for those in the recommended list, and quickly buy in the good list before a pop in gold price. Sure is easy to give advice, hard to take one's own. doug