I'm long a few gold stocks (HMY, AUY & AEM) and the DGP for a gold breakout. I have never been a gold bug, don't like the lack of dividends, but I wanted protection. A good friend opened an account that holds the gold in their vaults in physical form. He also bought a small home in the Adirondacks...in case of a meltdown. The home is fully stocked and well armed.
I'll go as far as a decent size gold position... for now.
He believes there is a real possibility that we see a hard fall in the dollar, typical assets held by common Americans falling a lot more--homes etc and we could see.....riots, food shortages, etc. I swear he has been smuggling gold down to Costa Rica. The place in Costa Rica is a fortress--but like paradise.
"Lets hope his preparations aren't needed, but heh I'd be a good buddy to him just in case you need to hide in his home with him!"
He'll have friends he didn't even know he had if he needs to implement his distaster plan. What do you think all that ammo is for?
Bronk: "bought the home and stocked and armed it".
No he is not your average everyday kind of guy-LOL! Guess he is ready for anything!
Lets hope his preparations aren't needed, but heh I'd be a good buddy to him just in case you need to hide in his home with him! Nice to hear about those early retirement stories-we all aspire to have!
Silly you! Read this board and you'll realize the only thing of value in this economy is AMAG.
Seriously though, if you can't hold your gold in your hands you don't hold it.
Expect PM related stocks to do well but you still need to hold some physical gold and silver.
Bronko = the next Unabomber?!?!
Did you really just announce that you're heading to a mountain cabin stocked with ammo?!
You might want to change your listening habits a bit - a steady diet of Rush + Glenn Beck is not very healthy.
Hey, please take Sarah Palin and Dick Cheney to the cabin with you. You can waterboard each other for fun.