The gold "PermaBulls" have cost their followers a lot of money over
the past 15 years. We all know who they are. Gold is supposed to go up
every single day or it's "proof" of a conspiracy of the evil bullion
banks that manipulate gold at every turn. Silver is supposed to go to
$500 an ounce in a vacuum while everything else stays the same because
it's so rare that the world ran out in December of 2001 while no one
noticed or cared.
Gold, silver and resource stocks are markets like all others.
I like gold as money a lot more than I like the word of Obama, the
wisdom of Yellen or the value of paper money. Right now at 73 ounces of
silver to an ounce of gold, silver is pretty cheap. But they are still
markets to be traded. If you will buy cheap and sell dear, you will make
money. If you don't, you won't.
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