Readers of my blog could have purchased silver bullion for one-third today's cost, and purchased silver miner SLW for one-tenth of today's share price in late 2008 (post-Lehman bankruptcy) and early 2009.
Here's the good news: this decade long bull market in precious metals is not over, in my opinion. Naysayers have been calling for a bubble for 10 years, and have been decidedly wrong. Focus on the long running theme of paper currency debasement--and not the daily fluctuations and "expert" commentary. They've been wrong--dead wrong on stocks, real estate--and precious metals.
See disclaimers in the side bar.
Disclosure: long precious metals and mining shares.
http://www.businessweek.com/news/2011-06-22/silver-coin-sales-booming-at-perth-mint-on-demand-for-haven.html
Wednesday, June 22, 2011
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