Gold vs. S&P500 since 1971 (starting point 100, both in USD) -
Gold Bullion LBM U$/Troy Ounce vs. S&P 500 COMPOSITE
Gold as perfect portfolio insurance -
Gold is often portrayed as the investment of doomsday prophets, pessimists, and fear mongers who are hoping for the collapse of the financial system.
However, they tend to forget that gold is an excellent portfolio insurance with a history dating back thousands of years.
Nobody taking out fire insurance would wish for their house to burn down.
The goal is only to protect oneself against the negative consequences, and in doing so, one pays a premium.
However, it is crucial to hold the insurance policy before the actual damage occurs.
As the saying goes“hope for the best, but prepare for the worst”.
“Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history” Charles de Gaulle
Gold as portfolio insurance Gold mining shares with historically low valuations -
Risk/return profile of gold investments remains very favorable -
Next target price at USD 2,000 At the end of the parabolic trend phase we expect at least USD 2,300/ounce -
CAL's Blanket Gold Mines commenced the production ramp-up to the targeted annualized rate of 60,000 ounces of gold by the end of 2011 :-)
CALVF's Blanket Gold Mines commenced the production ramp-up to the targeted annualized rate of 60,000 ounces of gold by the end of 2011 - Do some DD....please, click on below link -
GOLD Mine INFO: I am very happy to got CAL - at around $0.10-0.20/share for they have low labour cost and 260 old mines to expand to on their 100% owned large Blanket Mine property - about 20 of the old mines have been mined in recent years - and have extensive underground workings - some more than 240 old mine workings goes back long time - some more 1000s of years (Queen Sheba time) and often the Gold grades increase the deeper down the ore working goes :-)
CALVF Blanket Gold Mines production targeted 60,000 oz gold 2011
Gold Mines Producers often 1st of the Au Bulls to Fly HIGH
CALVF at a dime/sh and produce GOLD for $650/oz making soon $1000.-/oz in profit/oz and producing $40000 ounces of GOLD well, that's about $40,000,000.-- in profit/year :-)