is the gold bull over?, page-38

Ophir

You didn't read my post correctly. I'm a true believer. Its just that in the past there have been much easier pickings. You have identified 4 stocks that I have narrowed down to, 2 of which I will be buying on Monday. In the words of Mark Twain - the reports of my death are greatly exaggerated - apply that to gold.

I'm thinking of buying a kilo of silver every couple of months and sticking it in a big old company safe that I kept from a small company I owned.

I love the stuff - there are, as you have identified, a number of gold stocks with prices that no longer make sense, they are just too inviting not to have a nibble at. I think we are at a point where quite a bit of consolidation is likely to take place. Don't think a lot of gold miners have a choice. All I'm saying, not nearly as well as Joie de vivre, is that the-powers-that-be will make it more difficult to retain wealth in gold as paper money fails. It has been failing for years but not at the present decline rates. $100 in 1952, when I was born now has a relative value of between $900 and $4,500, depending on what criteria you place on your workings.

Gold in 1952 was $38.70 - that speaks volumes.

Anyway, when do they let the minions have a win? Only when there building them up for a fall.

wafflehead