Gold is up over 200% in the last 5 years. The mining stocks are double that, yet no one notices. During the Great Depression, price was capped by the gov & Roosevelt confiscated privately held gold. Even going so far as breaking into safe deposit boxes. (What a guy!) What no one seems to know, gold mining stocks did very well in the depression.
Unbeknown to the general public, price of gold is up more than 200% in last five years. Gold Mining stocks have risen more than 2X that. But you won't see it in the financial papers or mags - they want you not to own it. You see, Gold is the perfect barometer of inflation. As the currency is degraded & inflation rears its ugly head, gold price shines.
Eventually, the public will get it when paper assets are worthless. By that time the price of gold will be going parabolic.
I'm not saying it's for the faint of heart or even to make money. The name of the game in the future, the very near future, is to preserve whatever wealth you have.
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Gold is up over 200% in the
Submitted by Kelja on November 26, 2007 - 14:19.
Gold is up over 200% in the last 5 years. The mining stocks are double that, yet no one notices. During the Great Depression, price was capped by the gov & Roosevelt confiscated privately held gold. Even going so far as breaking into safe deposit boxes. (What a guy!) What no one seems to know, gold mining stocks did very well in the depression.
Unbeknown to the general public, price of gold is up more than 200% in last five years. Gold Mining stocks have risen more than 2X that. But you won't see it in the financial papers or mags - they want you not to own it. You see, Gold is the perfect barometer of inflation. As the currency is degraded & inflation rears its ugly head, gold price shines.
Eventually, the public will get it when paper assets are worthless. By that time the price of gold will be going parabolic.
I'm not saying it's for the faint of heart or even to make money. The name of the game in the future, the very near future, is to preserve whatever wealth you have.
Has anyone noticed the price of gold these days?