Loading ...the best thing the Oasis brings to my world is the knowledge and experience of its posting members. As evidenced this weekend by the discussion kicked off this weekend by Buygold. I will gladly take the collective wisdom of this bunch over any paid newsletter writer or other media source. I probably read more indepth analysis here over the past couple days regarding all things financial and market related than I would hear on CNBC in a year. Or more.
Maddog, thanks for your thoughtful reply. Equisetum, same to you.
Sometimes it is good to take a step back and review the reasons why we are ‘Goldbugs’. It may not be the best of times for us PM lovers, but plenty of posts confirmed, at least to me, why I hang with ‘insurance’ of Gold & Silver. And will continue to do so until I am enlightened to a better way to protect value.
One thing I did not see anyone mention is the tax advantage of Physical gold and silver. Please correct me if I am misguided here, but if I buy, and then sell gold and silver eagles, the profits are tax free. Since the govt has not yet placed a tax on currency. It is hard enough making a profit these days, made even harder by the govt taking their cut of my labor. Im talking the actual physical of course, not the paper products.
And Portguezzer, thanks for your comments and the added chart. Sometimes it does me good to look back over those years from 2004 until now, and see a graphic that looks pretty damn good to me. A cup half full kinda view. I think better times are ahead in the next year or so for the Goldies.
OH yeah Maddog, what bear ETF’s would you suggest to short the general markets? Have favorites? Personally, I think the printing presses of the Central Banks are going to stop, or at least significantly slow which means the markets are in for a kamazi nosedive. Might as well make a few bucks off that one. 🙂
Enjoy the rest of this Sunday evening. See ya’ll back here on the job in the morning.
Thanks, Farmboy