Silver Commodity Biography
As the fiscal cliff looms and the stock market corrects, opportunity abounds. The commodity sector has been hit especially hard over the past two weeks. As my biography indicates, I'm presently holding only two stocks. As I saw Endeavour Silver (EXK) dip into the $7 range over the past week, I aggressively seized the moment and grabbed it with both hands. I expect it to be the quintessential buy-and-hold equity. While it likely will be filled with severe price gyrations, including volatile weeks and months, I anticipate that over the course of years it will emerge as the best stock to own in the commodity sector.
The standard belief is that a portfolio should include 5% gold (GLD), (PHYS) or precious metals. I suggest a higher percentage. The price of gold and silver (SLV), (PSLV) hasn't gone up steadily for more than the last 10 years by accident. Gold is not in a bubble. Along with silver it will continue to rise over the long haul. For clarification, I am not a "gold bug." I don't own guns and I am not stocking up on canned goods in my garage. I do, however, feel that the ping-pong game of purposeful, global currency devaluation is not just going to continue but will accelerate. Unfortunately, the belief exists that there are no effective alternatives. James Rickards' Currency Wars is a great book for those who want to read more on this troubling topic.
As the fiscal cliff looms and the stock market corrects, opportunity abounds. The commodity sector has been hit especially hard over the past two weeks. As my biography indicates, I'm presently holding only two stocks. As I saw Endeavour Silver (EXK) dip into the $7 range over the past week, I aggressively seized the moment and grabbed it with both hands. I expect it to be the quintessential buy-and-hold equity. While it likely will be filled with severe price gyrations, including volatile weeks and months, I anticipate that over the course of years it will emerge as the best stock to own in the commodity sector.
The standard belief is that a portfolio should include 5% gold (GLD), (PHYS) or precious metals. I suggest a higher percentage. The price of gold and silver (SLV), (PSLV) hasn't gone up steadily for more than the last 10 years by accident. Gold is not in a bubble. Along with silver it will continue to rise over the long haul. For clarification, I am not a "gold bug." I don't own guns and I am not stocking up on canned goods in my garage. I do, however, feel that the ping-pong game of purposeful, global currency devaluation is not just going to continue but will accelerate. Unfortunately, the belief exists that there are no effective alternatives. James Rickards' Currency Wars is a great book for those who want to read more on this troubling topic.
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
Silver Commodity
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