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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Gary105 who wrote (31226)	9/10/2011 5:17:19 PM
From: gold$10k	12 Recommendations Read Replies (2) \| Respond to of 48092

IMO if it is not obvious to you that gold will inevitably reach at least $5000 in the next 5 years, then you should not be invested in precious metals except as insurance for the rest of your PF.

To: Gary105 who wrote (31226)	9/10/2011 6:18:42 PM
From: TheSlowLane	4 Recommendations Respond to of 48092

From my perspective it is one of the only relatively safe places to be. The question you might consider is...is it safe to be out, or underallocated. The crisis is not over, imo. Nothing has been solved although the wheels have been repeatedly stapled back on to the wagon. Overhanging all of this is a mountain of OTC derivatives high-combustion garbage. I dunno. Given every indication from governments around the world of how they will respond to the crisis, I continue to conclude that seeking refuge in precious metals is the most prudent course of action. How high can gold go...ask yourself how much money can all of the central banks of the world print in an epic competitive devaluation. If you want to know what the elites are thinking, it is useful, imo, to listen to what people like Jim Rickards have to say. He appears regularly at King World News. And what he is talking about is eventual gold revaluation to somewhere around $5-7K/oz. Stewart Thomson also argues that gold revaluation is what will end the crisis. Despite all the hoopla about gold on CNBC lately, for example, it still feels like early days to me. Most of the people I know own no gold. Friends and family that I have periodically spoken to over the last several years still have no interest. Pension funds have something like 1% or less allocated to precious metals. Ben Davies spoke at a conference of family offices recently and says that NONE of the family offices owned ANY gold. I was truly shocked when I heard that one. Those are very rich families and they own no gold. It seems like it is starting to become more respectable now what with the University of Texas buying a ton of it and taking possession but they are out in front. And looking pretty smart now. The lemmings will follow...eventually. <g>