(This is not Turtle Trader or Trend Following blog.
All stock and strategy mentioned in this blog do not represent buy or sell. This is my digital diary to express my thoughts and opinions about the world of investing. Ultimately, you will be responsible for your own decision. Please consult your investment adviser before taking any investment position).
Sunday, June 27, 2010
Buy Silver
Uncle Jim is back and making the same pitch. Buy something depressed - silver, agriculture commodities especially sugar. Oil is going go higher in the long-term. Hang on to your gold.
One problem with commodity such as gold is there is no yield in your investment, unlike equity which you get regular annual dividends. You cannot eat gold too, can you Jim?. Gold's long term return has been low at say 3%(?). Consider this, gold was about US 400 an ounce 6 years ago and it is US1200 (all rough figures). It has gone up 3 times in value in 6 years, or 20% CAGR. Is it time for mean reversion?
Gold and Silver is always meant for long term investment! There's lots of factors that can boost up commodity price but the main one will definitely be hyperinflation!
One problem with commodity such as gold is there is no yield in your investment, unlike equity which you get regular annual dividends. You cannot eat gold too, can you Jim?. Gold's long term return has been low at say 3%(?). Consider this, gold was about US 400 an ounce 6 years ago and it is US1200 (all rough figures). It has gone up 3 times in value in 6 years, or 20% CAGR. Is it time for mean reversion?
ReplyDeleteHow to buy Silver in Malaysia?
ReplyDeleteWhat avenues are there?
You need a cross border trading account to buy foreign ETF.
ReplyDeleteGold and Silver is always meant for long term investment! There's lots of factors that can boost up commodity price but the main one will definitely be hyperinflation!
ReplyDeleteCheck out www.silverformalaysia.com
With BullionVault you can acquire physical gold & silver bars at current market exchange rates.
ReplyDeleteOpen a free account today and get 4 g's in free silver as a welcome bonus.