SLR 0.00% $1.57 silver lake resources limited

coming gold boom in junior gold stocks

  1. 3,298 Posts.
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    This is a copy of my post on Gold thread which is relevant to SLR.
    Most on the gold thread recognize the value of holding gold stocks in the current climate.
    We know gold not only provides protection in both deflation & inflation, but its current situation is improved more by the demand/supply equation.
    At some point probably within the next 12 months the $US dollar is going to fall, not only against gold but also a resource currency like the AUD dollar.
    Given overseas investors will not only recognize the value of investing in Australian Gold stocks they will also recognize the AUD dollar is going to outperform the $US dollar big time. Remember there are very few stable gold producing countries in the world.
    Most of us have already established holdings in Australian Gold stocks, but there is still time to invest in these stocks at current prices.
    Investors under the age of say 50 years old, never saw the activity in Australian Gold stocks in the late 1970s leading up to 1980.
    Some stocks increased over 100 times from their lows, now that is wealth creation.
    Please do your own research on gold stocks & the current economic situation for your own investment requirements.
    But remember times like now create unique opportunities.
    Regards
    Buffett
    PS No physical gold held but do hold several junior Australian Gold Stocks for there leverage potential.
 
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