The latest developments by the Fed could be a watershed event. And not just for the U.S. When the world’s largest fiat currency joins the race for competitive devaluation, other nations will also be encouraged to print more money at a breakneck pace. Where do you turn?
My friends Gold is a real asset that the governments cannot manipulate (for very long anyway). Dollars are being printed faster and in greater quantity than any magician could manage, and the governments concerned we’ll see their currency fall in value against any measure you care to choose. So basically if you want your dollar to hold its value, buy some Gold now while you can still afford it. If it costs $1000 an ounce; when your dollar has halved in value, you can sell it for $2000 an ounce (at least). Unless Gold drops sharply, the junior miners should have much further to run. If the POG breaks to new highs and that is a distinct possibility in coming months then I think many juniors will see another 200-300% appreciation. Some favorites of mine are (AUY), (UXG), (GSS), (KGC) and (ABX) The (GDX) Market Vectors Gold Miners ETF is an excellent play if you want a basket of miners. Gold, has always been a currency of last resort. It shouldn’t surprise anyone it is now rising in value as ever larger piles of “securities” are beginning to appear valueless.
Enter your favorite Gold Miner below and get an E-mail back with a FREE analysis
