16 September 2010
Precious Metals- Keep Your Options Open
The person in that picture is holding $1200 of gold in the center of his/her palm.
Obviously, anyone going out on a limb trying to predict the future is exactly that...
Out on a limb.
So take anything you read here under consideration and do your own research.
A year ago I took a considerable position in silver, and I took physical possession of the purchase. I went back and looked at my last precious metals report, which I posted on 15 January, and found this:
Gold was $1131.00 per ounce.
Silver closed that day at $18.42 per ounce.
The close on both metals today was:
That means my position in silver is now worth almost 25% more than my purchase price one year ago.
And I truly believe this ride is just beginning.