1 vote

Investing

I 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?



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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.

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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
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Precinct Commiteeman Precinct 5 Rock Island Co Illinois