When GOLD and SILVER bottom they will still be there. The only thing is,
when this world deleveraging bottoms, not a lot will be left. The
problem is how to survive it.
Aside from dealing with
the certain political and social chaos and those dangers when the US
Dollar and other paper currencies collapse, you need to move your money
paid off real assets. It’s conceivable that some stocks in real
assets like (gold & silver) mines would do well too.
Stocks and financial products in general, like annuities, bonds, saving
accounts, etc. will be destroyed in value because, in an economic
depression, companies either go out of business or shrink and Fiat paper
money/debt is hyper inflated.
In a currency crisis a
Social Security check, a bank CD, a Treasury bond, an insurance
annuity becomes worthless. That is the reality.
To escape losing all your
income and losing all your wealth in a currency crisis, you must diversify
in other currencies, and also in paid off real ASSETS that will still be
there after the currency is destroyed. Obviously, gold and precious metals
figure in here. The falling prices right now are quite beside the point.
investment opportunity can be valid as long as it is fully paid off and
preferably out of reach of the authorities.
November 7, 2008 : SALES…Gold
and Silver shares [ click for today's prices] are on sale: from - 50% to - 95%!
Gold was priced at $ 10. Today, with some luck, you can pick it up
for only $ ½ (- 95%)
was $ 6 and is now $ 1 (- 83%)
was $ 20 and is now $ 4 (- 80%)
Yamana was $ 20
and is now $ 5 (- 75%)
Hecla mining was
$ 13 and is now $ 2 (- 85%)
Apex silver was
$ 27 and is now $ 1 ½ (- 94%)
was $ 20 and is now $ 3 ½ (- 82%)
Goldcorp is at
sale at half price: from $ 50 to $ 25 (- 50%)
Freeport was $
125 and can now be bought at $ 30 (- 76%)
was $ 7 and can now be picked up at $ ¾ (- 90%)
Barrick was $ 54
and can now be picked up half price $ 25 (- 50%)
November 7, 2008: SALES…SALES…Oil (fully integrated, service &
drilling) shares [click
here for today's shares] are on sale: - 30% to - 70 %
Forget Cheap Oil.
The world faces mounting uncertainty and escalating costs on the energy
front in the years ahead, as companies scramble to find new pockets of oil
and squeeze more production from aging fields, the International Energy
Agency says in a largely gloomy annual report.
The agency says the recent slump in oil prices won't last and "current
global trends in energy supply and consumption are patently
report comes as the global economic downturn continues to shove down oil
prices, which hit a high of $147 in July. On Thursday on the New York
Mercantile Exchange, U.S. benchmark crude closed ...
Marathon Oil used to sell for $ 60 and can now be picked up at $ 25
Schlumberger was $ 100 and sells half price $ 50 (- 50%)
was $ 76 and has fallen back to $ 40 (- 50%)
was $ 94 and has fallen back to $ 45 (- 50%)
was $ 96 and is now $ 65 (- 33%)
Imperial Oil was $ 64 and sells half price $ 32 (- 50%)
was $ 100 and sells for $ 50 (- 50%)
was $ 90 and sells for half price $ 45 (- 50%)
was $ 130 and sells now for $ 60 (- 54%)
Petrobas was $ 70 and is now $ 30 (- 60%)
Halliburton has fallen from $ 50 to $ 20 (- 60%)
Petrohawk came down from $ 50 to $ 20 (- 60%)
idea how much a drilling platform costs a day?
Hughes used to sell around $ 90 and is on sale for only $ 30 (- 66%)
offshore drilling was $ 140 and sells half price $ 75 (- 50%)
has fallen all the way back from $ 50 to $ 12 (- 75%)
Marietta was $ 160 and sells now for $ 80 (- 50%)
Intl. sold for $ 110 and is now only $ 30 (- 70%)
drilling was $ 65 and sells now for $ 30 (- 50%)
Transocean was $ 170 and is now $ 70 (- 60%)
Technically, Oil shares need to break through the 50 day moving average
and to break through the downtrend on the Point & Figure charts.
November 7, 2008 there is still a lot of volatibility but this could be
the above list is to be seen as informative only and shares should only be
bought after consultancy with a financial advisor.
>back to Wealth
Goldonomic, Florida, USA -