One Last or Just Another Opportunity????

Gold down below $610 is providing an opportunity for more purchase of metals, CEF and ETFs, and mining stocks for those of us who take the long term view on gold. It is an historic store of value while the unbaked paper currencies drop in purchasing power.



This 10-Year Graph of Gold prices reveals that at the end of August and early September gold prices have moved upward almost every year. That is quite a precidence which should follow this year as well with all of the unrest and danger around the world. People should begin to search for stability of purchasing power and protection of wealth. That usually means gold!

With DROOY around 1.29, BGO about 5.00, and other mining stocks similarly priced, we have another buying opportunity. Remember our priority should be for the metals, then CEF and the ETFs, and finally mining stocks.

Keep your eyes on the Lord and longer term investing for true safety. Do not let the concern over day to day price fluxuations worry you. Long term, the dollar will move down and it will take many more dollars to purchase gold and mining stocks.

Best to each, Doug