Donkeys and Elephants and Delegates,oh my!
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Too Late to Buy Gold?
whiskeyandgunpowder.com — "It’s hard to be bullish on gold when there ’s so much bad news in the world. After all, gold offers a refuge against bad times ahead. Like all good insurance, it’s best bought before trouble arrives — not during or after. And just how much worse can the news get from here?" You might be surprised.
StingingNettle- 32 diggs
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- RPliberty, on 07/01/2008, -0/+2Miners in Peru went on strike Sunday midnight - great for silver!
- richmomz, on 07/02/2008, -0/+1The question is whether there is MORE bad news down the road, not how bad things are now. If you believe world financial markets (dollar based markets in particular) are going to get worse before they get better, gold and other hedges against monetary turmoil still look attractive. Do some research, find instances in the past where the economic situation was similar (hint: check out the mid-70's through early 80s period in the US, and Japan's bubble collapse in the early 90s) and figure out what worked then.
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