Investing
Submitted by ScottydotxRP on Tue, 11/20/2012 - 13:17I am way behind in the gold investment area and plan to start pronto. However, I was wondering if anyone had an input on investing in gold mining companies?
»
- Login to post comments
Ron Paul owns a lot of stock
Ron Paul owns a lot of stock in gold mining companies and his portfolio shows an astonishing rate of return.
________________________________________
If its not in your safe in
If its not in your safe in your house, its not yours. (and even then it still may not be). Read up on previous government confiscation of property. Know that when the SHTF, the first and easiest thing to confiscate is a bunch of 1's and 0's on a computer screen- everything from savings accounts to 401k's to IRA's to stock holdings.
I would recommend starting with buying junk silver from a local coin shop under the table.
Buy an index fund for gold miners
GDX, and the juniors GDXJ are looking particularily attractive right now. In fact GDXJ is so attractive I actually purchased some long options on it, and I almost never will buy options but prefer to sell them instead.
Josh Brueggen
Engineer
Entrepreneur
Gardener
Jack of all Trades
Precinct Commiteeman Precinct 5 Rock Island Co Illinois