Thursday, July 29, 2010

More Buying-Opportunity Counsel

Gary Tanashian has an interesting take on the conspiracy crowd: he says it's a reflection of impatience and a casino mentality that's more at home in the stock market.
There is an opportunity to own value shaping up. I suspect the usual casino players will fail to capitalize while the minority capitalizes once again. Missed the last buying opportunity this space identified in euros? Well, another opportunity is on the way. Who will capitalize and who will be immobilized by fear? Gold in USD is also presenting an opportunity. In fact, name me a major developed society that is not tramping out its currency for the purpose of manufacturing politically expedient economic growth and I will show you a society of relative value from an investment standpoint. There are those in ascension and it is no coincidence that those are targets for my investment dollars in the big picture.

For now, gold is a monetary value anchor. In a world of eroding confidence in politicians and policy makers who use official paper and digital money, gold represents value; nothing more, nothing less. Still, it is always great to exchange confidence paper for value when value goes on sale. You do not buy gold when everybody loves it. You understand who you are and if you perceive that your personal situation is in need of this value anchor, you buy gold when the public hates it. You buy it when the speculators (ultimate casino patrons) are dumping and you-know-who is buying or buying to cover.
He holds up October 2008 as a classic time to buy, and says gold going into a serious intermediate-term decline would lead to another opportunity.

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