Gold is not a good investment in deflation. It only did well during deflation in the past because the gold price was pegged in US dollars, which is not the case now. I'm betting on Bernanke and inflation, so mostly own PMs. But I also fear we could have deflation if money printing won't inflate (i.e. pushing on a string). So I also plan to have cash (75% PMs, 25% cash) in case of deflation instead of inflation.
Monday, July 23, 2012
Sunday, July 22, 2012
Always take Delivery of your Gold & Silver
Bob Chapman : Well, I tell people with gold and silver to always take delivery unless it's impossible to do so. Then they should have it segregated in an account that they can access, whether it's in the United States or another country. Most people are happy to take delivery of gold and silver. Shares speak for themselves. They're traded on exchanges. The earnings for these companies are what they are. - in the aureport
Saturday, July 21, 2012
Bob Chapman : I do Not Buy Stocks
Bob Chapman : While I do recommend a few gold stocks, I do not buy stocks. I have no accounts. My family has no accounts. Period. I buy bullion and coins and I do it frequently. I'm a big believer in both. I do not recommend exchange-traded funds (ETFs) because I do not believe they have gold and silver in the amounts close to 100% of what they're supposed to be holding. Neither do any of the hedge fund managers because most of them are not getting involved in that area. I think it's going to end up being a scandal. - in the aureport
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