Great day in the gold market! Listen to what Bill Murphy has to say.
Bill Murphy made some interesting comments today concerning the front page article in the Wall Street Journal that ran today.
What are your thoughts?
Big Al
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The Gold market has yet to register with the general investing public. Only .2% are invested and yet, the statistics show these same people are heavily invested in traditional mutual funds at almost record highs. And most people still do not trust precious metals because 1. there is mostly no dividend 2. the bubble of 1980.
There will be tremendous upside in the short and medium term but how and exactly when that happens is a mystery. The reason is that you cannot predict geopolitical events or sentiment as related to the latter or in general. I like to think about it as 60s music (my time!). There was not-so-good-music that made it big and great music that never made it. The public’s ear placed its vote but how do you chart that in a predictable fashion? How do you make sense of what they chose?
The WSJ headline helped to make investors aware. They know what is happening. But only the investors with vision and conviction (like us) are doing any serious investing. And there are some great juniors with mind-boggling numbers and potential. Ultimately, I believe these are the people that will make most of the serious money.
Hi Jed,
I agree with virtually everything you said.
Kathy and I have most of our liquid assets in gold or gold/silver related securities. We are both very comfortable in this arena right now.
Not telling you what you should do, just telling you and all our listeners what we are doing.
Sorry I am late getting back to you. We are currently in new Orleans and will not be back until late Friday night.
Best,
Big Al