Turbulent times in the gold sector
Investors are worried about Barrick Gold and Yamana Gold. The precious metal overall doesn't seem ripe for a rally anytime soon.
When the fiat US dollar tanks....which it will due to the continuing infusions of toilet paper Benny Bucks
(to superseded by Yellen Yen) and there is nothing of real value in the world in which to 'invest', gold will reign supreme as it always has through out history. I'm speaking of actual physical gold that actually have in your possession, not this phony paper futures junk. If you can't touch your gold, you don't have any.
My question is when are we going to start making money again in Gold and Silver...
It's been quite a long time now...
As far as mining companies selling, follow on offerings to raise cash and/or only dilute their stock...
Maybe they should work a little harder at getting gold out of the ground, find better mines or cut their "all in" costs..??
In the not too long term, the only things that will have any real value will be guns and ammo!!
We are living in an artificially subsidized economy (Benny B. Bucks) that will have to fail.
Gold, like all other commodities only have value if there is a use for them. No food and a gold necklace just doesn't work in the real world.
quality companies are your best bet, that and real estate (long term)
Gold is not an investment.
MIKE P:Is it fun missing out on 90% gains in the market just because you weren`t smart
enough to buy stocks when Obama took office?Stupid is forever !
It seems to me that gold is a great investment if you are trying to over time make a profit.
If you are buying it to survive global monetary armeggedon it does not seem to hold water.
I cannot see a person with a vast amount of gold going to the grocery store and handing an ingot for some food.
I can see a person getting their ingots taken away from them when people trying to survive find out you have them.
And no, you don't have enough guns to stop them no matter what you think.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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