Comments on: Gold Is A Girl’s Best Friend (& bona fide)

By: Myron Pauli

Myron Pauli — Thu, 25 Aug 2011 19:00:33 +0000

I bought cans of chili at 33cents/can.

Meanwhile, keep in mind that in 1980, gold was $800 and the Dow Industrials were $800 and 20 years later, gold was $ 250 and the Dow was 12000 – and I remember everyone swearing by gold. Sure it isn’t paper money but it is 90% ++ speculative…. Then I also remember “Dow 36000”.

By: james huggins

james huggins — Wed, 24 Aug 2011 12:29:55 +0000

At this stage of the game I would be willing to take a long look recycling old license plates.

By: Steve Hogan

Steve Hogan — Tue, 23 Aug 2011 19:56:15 +0000

Historically, the gold/silver price ratio has been about 20:1. Right now it’s in the 40s, which suggests silver will outperform. But buying silver is not for the faint of heart. It’s volatile – even more so than gold.

On the other hand, the fundamentals for precious metals are perfectly aligned. Governments and central banks seem intent on spending and printing with reckless abandon. Gold and silver are the ultimate safe haven against politicians and bankers.

One last thought: if you aren’t risk averse, give mining stocks a look. They are exceedingly undervalued given the metals pricing and pay dividends to boot. Pick the right ones, particularly the juniors, and you’ll be sitting pretty.

By: Nancy

Nancy — Tue, 23 Aug 2011 03:25:36 +0000

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.”
–Norm Franz

By: nelson

nelson — Tue, 23 Aug 2011 01:53:04 +0000

In gold at 250
in silver at 4.50
in ammo at .223 – 30.06
in food 365
in seclusion soon
in God’s hands always

By: JP Strauss

JP Strauss — Mon, 22 Aug 2011 18:03:15 +0000

Apparently Silver is the poor man’s gold. Any thoughts?

[I don’t give financial advice. But I like silver too.]