Why most investors will miss the smartest buys It's the simplest, most sensible dictum in all investing: You buy quality when it's cheap. And right now the best of these mining stocks are better bargains than we've seen in many, many years.
Only twice before has there been this much opportunity in gold stocks. The first time was back in 1971, just before Nixon snipped the link between gold and the U.S. dollar. The second was 1982, just after gold took its dive from $850 to $296 (Doug made 2,000% profits on that opportunity alone). And today, you're getting your third great chance...
As I said earlier, right now gold shares are down. Way down. Some as much as 90%. Could they fall still farther? Sure... and maybe they will. Maybe they won't.
But the fact remains that the only thing that has changed since a year ago for many of these companies is the price. Last year, many of these mining companies had great fundamentals - a rich reserve, promising results,
The Wizard of Resource Investing...
Doug Casey's Amazing
30-Year RecordCasey's unmatched reputation in natural resource investing has been earned over three decades of hauling in huge profits in this tough-to-predict sector. No one has proven more reliable at digging up the winners - and he does it by going against conventional wisdom.
Gold Soars, Casey Scores. Most thought gold was overpriced back when an ounce went for $270. But Casey had watched Lyndon Johnson build an inflation-bomb by financing an expensive war in Vietnam. Then he saw Nixon light the fuse by removing the dollar's last link to gold. Finally, in 1979, Casey declared gold was ready to climb. But "climb" was hardly the word for it. Within just a few months, gold had leaped to $850.
Know When To Fold 'Em. In 1982, Casey saw that Reagan's economic programs would take the wind out of gold's sales. He and his readers took their profits and pulled back. After he stopped
recommending gold as a speculative investment, It basically ceased to rise for the next 11 years.
Golden Profits, Part 11. Casey was recommending gold again to his newsletter readers in 1993, when three of his mining stock picks glistened brightly with profits of 148%, 261 % and 595%.
Casey Goes Platinum. Casey recommended platinum at $275 an ounce. When he advised investors to sell and take their profits just a year later, it was $538. One year's profits: 95%.
Silver Safari. Casey told investors to buy silver back at the bargain basement price of $6.50 an ounce. It quickly rose to the penthouse price of $50 - a sterling 669% profit.
Gem Of A Find. In 1994, Casey recommended a little-known mining company, Diamond Fields Resources. In just under a year, it was up an astounding 2,125%!
And The Next Great Score Is? Find out all about Doug Casey's latest profit-laden discoveries in his all-new report...
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