Tuesday, May 29, 2012

Bob Chapman : I recommend the Treasuries denominated in Swiss francs and Canadian dollars.

Bob Chapman : I think the most important thing is the preservation of capital. How do you do that? My way to do that is in gold- and silver-related assets. It doesn't mean I'm right, but I think that's the best answer. For people who have lots of money and don't want it all in gold and silver, I recommend the Treasuries denominated in Swiss francs and Canadian dollars. Some people want income. You have oil and gas trusts. There's nothing wrong with them. They pay very well, about 7% a month. That's a fit for some people. But getting in the general market I think is too dangerous, like buying a 10-year Treasury note and getting a 2.42% yield when I think inflation is much higher than that. - in theaureport
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