Gabe Menezes wrote:
> Well, we are well into the New Year; my prediction that Gold would hit 1,200
> before Spring came true last year end.
Hi Gabe,
Congrats!
You got the price AND timing correct.
Something rather difficult to do.
When gold went by $1,200 I was wondering if anyone here would remember your
words.
Gold is the anti-US dollar. It has been appreciating about 16% annually ever
since
George Bush (43) took a huge budget surplus and converted it into a humongous
deficit.
Hussien Obama has just presented another mind blowing budget deficit. The US
will not
be able to balance its budget for the next nine to twelve years. Any
individual holding the
currency during this period is essentially committing financial hari-kari.
> Best to buy some India Mutual fund and lock it away for five years.
Locking away any mutual fund for five years is always a good idea. The question
is,
why Indian mutual funds?
Mervyn1113Lobo
BTW, last year I mentioned five alternative energy stocks here. They
all doubled in price
within three months. Let me repeat, they all doubled in price within three
months. The
only other person I am aware who made money from this is the alternative energy
specialist here. Concern for global warming does have its benefits........
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