Bullion: Investment mania grips gold and silver
Published on: November 05, 2009 at 16:05
How about you – are you feeling bombarded by TV and radio ads and segments on precious metals investment? Do you have the clear impression gold and silver are the hot new investing trend around the world? Are you Tivo-ing certain TV shows because of all the great info they provide about picking the next great gold stock?
If we were in a Mania, Bert, all of this would be happening. But it's not. Those who Buy Gold in the US are still largely viewed as members of a fringe group. There is no public discussion on gold, no insider tips on the latest hot gold stock, no special reports on how to store all the bullion you've collected. The psychology isn't on our side yet. One signal does not a Mania make.
Last and perhaps most important, Bert, are you sure the Dollar is done falling? You're absolutely convinced we won't see price inflation? Our current debt load won't pose any future problems? No more worries about foreigners buying all that debt? Obama and Bernanke really have saved the day?
Bert, send me your shorted gold positions, I'll buy them from you. And although the gold price could see a correction in the near term, and several more along its journey to "the top", remember that battle in early1942 and all that had yet to occur before the war was over.
And one more thing: when you finally become breathless to Buy Gold stocks, I just might be ready to sell them to you.
Courtesy: www.bullionvault.com