gold, page-515

Hi AverageJoe and all,

Well as you ask and please note this is just my personal strategy.

I first purchased what I felt was a sufficient (read substantial) amount of Gold. I own a business servicing the mining industry back in 2002 I owned it 100%; the same year I started to feel uneasy about the financial world in general and sold the real estate I owned. I don’t want to sound smart because a great deal of luck was also involved but I ran the business with my own money (no overdraft as previous) I happened to be in just the right place to make out like a bandit during the resource boom! Unlike our elected officials who never saved a penny during the boom I socked my money away in physical Gold.

My work took me too many remote mine sites including more than a few Gold mines. Now many people here use all kinds of graphs and T.A. and reading chicken entrails. I used a much more simple method if I saw a Gold mine selling five fifty Tonne trucks and replacing them with ten hundred Tonne trucks quick as a flash I made the assumption they were going to increase production. You may know but I put a great deal of value in the information I see and hear with my own eyes and ears rather than in what I read from others. One can learn a great deal by reading the tenders and quote sections of papers and the mining journals; the large mining equipment can take months to arrive on site after the initial call to tender so plenty of time to take a position.

I don’t worry about yield on my physical Gold or the minimal storage costs I own it as insurance against the paper money printers and a possible banking failure. If it doesn’t eventuate I will sell the Gold annually and augment my lifestyle for my remaining years on the planet.

So in essence I hold physical Gold first and foremost.

I then bought Gold producers my current favourite being RSG I bought in January.

I also have an interest in a few Gold explorers these I see as risky ballsy play but this is not something I would ever considered before the above action. My current favourite being WCN I also have a few others in smaller quantities.

I also retain a 53% interest in the company I founded and whilst we are not breaking any records we are hanging on in the industry. Two of my younger directors are buying me out and I retired back in 2009 and so far I have fly fished from NZ to the Bahamas to Scotland and whilst you didn’t ask I can highly recommend it!

Please note none of the above is to be seen as investment advice it is just my current plan and so far it’s working for me but it may not suit everyone so full and due diligence must as always be completed. Your over taxed hard earned money deserves nothing less!!!

Cheers and very best regards: Andy