Comment: Now is the time to buy

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Now is the time to buy

Ron Paul's portfolio has does remarkably well for a long time. No investment goes up in a straight line. If you believe in the gold story, the mining stocks and gold prices will rebound. A lot of people have called for the end of the bull market in gold, but the things driving gold price higher are still intact.

This morning I heard a mining CEO interviewed by Ktco saying that the total cost of mining an ounce of gold is averaging around $1500. The current price is only around $1580, so the margins are razor thin and costly producers are being driven out of business. Something will have to give. Do you belive mining costs will fall or gold prices will rise? Demand for gold is still high, so I tend to belive gold price will go up.

We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.

-C. S. Lewis