Denny Smith mentioned on the radio today he expects downward trending for the next few weeks. Also made reference to some in the financial business suggesting we might be headed for SHTF?
also, if there is an economic meltdown, it's a safe bet that the banks/.gov would confiscate all those gold shares in an attempt to limit their damage.There is no one solution. Gold/silver can be a portion of your financial portfolio, but even most advocates don't recommend more than 10% of your wealth there. Even then, there is good/bad ways to invest in precious metals. There are reasons to to doubt the long-term viability of the easiest way to get into gold, the GLD ETF. At last report, there are over 200 shares sold for each unit of gold that they actually store. That is much worse than even bank reserves. If you understand what a bank run is, that type of pressure happening to GLD right now. If you go that way, then owning physical metal is the recommended path.
Meanwhile, my net worth is increasing slowly.
I'd like to fill out the application to become your driver, for future consideration.
You'll have to do it for free. I only plan to save and grow enough to support myself. When I hit the mark I'll stop working and start spending it.