People are fearful over a falling dollar, but I am primarily concerned with the broad fear sentiment, which moves markets much more than reality, there's no better place to be than gold I keep hearing from the gold bugs.
I can see it with my eyes wide shut . The US dollar is in crash mode.
The Canadian loonie hit $1.10 already . The euro is at an all-time high. Oil passed $98 a barrel.
Good golly, even the Russian ruble is starting to attract some attention for investors. China is screaming to sell all its trillion dollars of foreign reserves.
Heck ! every currency is soaring in value against the U.S. dollar.
Well, lets think about this for minute - Is the US dollar going to be worthless? Not a chance. US Exports are rising and there are signs of long-term life in the world's largest economy.
I can see it with my eyes wide shut . The US dollar is in crash mode.
The Canadian loonie hit $1.10 already . The euro is at an all-time high. Oil passed $98 a barrel.
Good golly, even the Russian ruble is starting to attract some attention for investors. China is screaming to sell all its trillion dollars of foreign reserves.
Heck ! every currency is soaring in value against the U.S. dollar.
Well, lets think about this for minute - Is the US dollar going to be worthless? Not a chance. US Exports are rising and there are signs of long-term life in the world's largest economy.
Although a recession appears to be coming just a few quarters away, the long-term outlook for the U.S. isn't too bad. But, I don’t have 5 to 10 years to worry about that.
We've got to make strategic moves now to protect ourselves.
I wanted to buy gold but then if I buy that yellow metal at $840.00 and it hits $1,000.00 ,
I wanted to buy gold but then if I buy that yellow metal at $840.00 and it hits $1,000.00 ,
I would have made a cool 19%
Or I can buy the stocks of gold producing majors that, quite frankly, offer very little upside. Buying shares of Goldcorp (GG:NYSE), Newmont Mining (NEM:NYSE), and Barrick Gold (ABX:NYSE) who already have their place in the sun would only squeeze a safe 10% or 20% as gold shines on. .
I looking for a lot more than just 20% and for that we turn to promising juniors and near term producers. Let me know when you find one.
Or I can buy the stocks of gold producing majors that, quite frankly, offer very little upside. Buying shares of Goldcorp (GG:NYSE), Newmont Mining (NEM:NYSE), and Barrick Gold (ABX:NYSE) who already have their place in the sun would only squeeze a safe 10% or 20% as gold shines on. .
I looking for a lot more than just 20% and for that we turn to promising juniors and near term producers. Let me know when you find one.
