RE:NO RUSH,,, JUST PICK UP WHEN CHEAP
That's the right idea. Buy in Tranches if and when it goes lower. Given fact that Gold is in a downtrend for the next little while I figure the bottom on this stock will be at $0.48.
Listen, gold as an idea has never been as important in the history of mankind as it is now.
We have a global economy now with all western nations printing tons of money. But all that money printing inflation is all in the Asian countries now. As long as they can keep giving us crap for almost free things stand up. But this is not sustainable. China is having to try and slow down their economy for that very inflation problem. That will soon find it's way to us and has already started in my opinion. The only solution for the west is more printing. Even though they talk of cutting back on quantative easing it will never happen. They may make a small token move to keep this Charade going but that will be it. They will keep printing and printing until something happens. And if things do start to improve then they have the interest problem to deal with. I am Telling you Gold as a concept has never been as important as it is now. Funny how the Asians know this much better than the average American. I'm with them, I buying gold a record low prices going by M2 money and Infalation since the 1990"s.
Don't want to even discuss the 1.5 Quadrillion in Derrivatives that are waiting to explode! Makes my stomach ache when I think about that powder Keg.