GOLDBUGS AMEX Goldbugs Index (GOLD)

[al44]

EBAYaim- I'm sure there are many opinions on the metals market out here and they may vary in strategy and include charts and fundamentals and a lot of history and current events. Personally I believe we are in a long multi year bull market in gold and silver. I'd say at least 5 years possibly closer to 15-20. It may take that long for all this money being printed the world over to work it's way into the system resulting in some really heavy inflation. Inflation is gold's best friend. My perspective is from a buy and hold physical metals for the longer term, no margin. Short term flucuations don't bother me. I am not currently accumulating gold. I did that back at the $350 area and am well stocked at this point. I am buying as much silver as I can afford, mostly in old US 90% coinage. To me silver is more volatile and percentage wise will gain a lot more than gold- that is only my opinion and some will disagree. At current spot prices gold will have to hit $1700 for a double and silver $22. I am not planning on selling either at those prices just showing some math. There are also some knowledgable people throughout the metals world that are saying there is more above ground gold available for investors than there is silver. I can't confirm it, but I do know much silver is consumed in many different applications, while almost all gold is held with miniscule amounts being used industrially. Many marginally profitable mines have closed this year leaving supply shortages in both metals, but mostly in silver. I won't even go into the various conspiracy theories that abound on price fixing in the spot markets. I post Ted Butler's comments on this board when he comes out with a new article. The US dollar is toast and all that realize it are seeking the safety of gold and silver. This recession that the gov't finally admitted we're in has a long way to go with much more economic pain to come. Gold and silver will go a long way towards easing that pain. Best of luck to you and stop back to the board often as there are some very knowledgable posters here well worth the reading of their thoughts.

........al