Buy low sell high. Thats the reason why I bought natural gas and not oil.This is from T.Boone Pickens and Littlefair:
Natural gas or oil?
Barron's: What is your outlook on natural-gas prices?
Pickens: I think natural gas is going to stay down because you actually added to the production and reserves in the U.S. this year, so there's plenty of natural gas around. With oil, 62% of it is imported and with natural gas, 3% is imported.
Littlefair: The world pressures and all those kinds of things don't apply to natural gas.
Pickens:I think gas is going to have a tough time through 2008. Then gas will be a big play again.
Exactly, still hold CMZ on my personal account and will hold it untill Martin Whitman will sell his XEC.This sounds so professional:) CMZ was trading around 9 when the price of natural gas was 4 something.
Gold or Silver ?
I fell asleep. I really don't want to loose money. This reminds me Coca-cola and master Warren.He was buying KO when the P/E was above 20. I know he made a fortune but the price of gold went so up! How is it with the silver ?
Let's have a look:
Robert Kiyosaki:Today, very few people realize that Warren Buffet reportedly holds one of the largest caches of physical silver in America. He purchased silver in the late 1990s, when it was cheap -- and while others were criticizing him for not investing in tech stocks.
Warren Buffett: The US now must take in loans at the amount of $1.8 billion a day from foreign investors to pay its trade and government deficits. This is a 20% increase from a year ago.This is from 2005.
David Walker:Last year (2006) was the first year since 1933 that Americans spent more money than they took home and, as you probably recall, 1933 was not a good year for the United States.
Gary North: Silver,has been completely de-monetized. It is an industrial metal or a jewelry metal. Its price peaked in January, 1980, at $50 an ounce. It then fell for the next 23 years, bottoming at $4.67 in January, 2003. That was a 90% loss of price, but really closer to 94%, because of the fall in the dollar’s value, 1980–2003. In short, silver was an investment catastrophe for over 20 years.
The official figures for demand and supply remain steady, year after year: from 770 million ounces to 900 million ounces.
Mark O'Byrne,Gold investments: http://www.moneyweek.com/file/28810/why-the-silver-price-is-set-to-soar.html
So, from the value investors point of view, silver is clear winner.Second place is natural gas !!!
Pickens: I think natural gas is going to stay down because you actually added to the production and reserves in the U.S. this year, so there's plenty of natural gas around. With oil, 62% of it is imported and with natural gas, 3% is imported.
Littlefair: The world pressures and all those kinds of things don't apply to natural gas.
Pickens:I think gas is going to have a tough time through 2008. Then gas will be a big play again.
Exactly, still hold CMZ on my personal account and will hold it untill Martin Whitman will sell his XEC.This sounds so professional:) CMZ was trading around 9 when the price of natural gas was 4 something.
Gold or Silver ?
I fell asleep. I really don't want to loose money. This reminds me Coca-cola and master Warren.He was buying KO when the P/E was above 20. I know he made a fortune but the price of gold went so up! How is it with the silver ?
Let's have a look:
Robert Kiyosaki:Today, very few people realize that Warren Buffet reportedly holds one of the largest caches of physical silver in America. He purchased silver in the late 1990s, when it was cheap -- and while others were criticizing him for not investing in tech stocks.
Warren Buffett: The US now must take in loans at the amount of $1.8 billion a day from foreign investors to pay its trade and government deficits. This is a 20% increase from a year ago.This is from 2005.
David Walker:Last year (2006) was the first year since 1933 that Americans spent more money than they took home and, as you probably recall, 1933 was not a good year for the United States.
Gary North: Silver,has been completely de-monetized. It is an industrial metal or a jewelry metal. Its price peaked in January, 1980, at $50 an ounce. It then fell for the next 23 years, bottoming at $4.67 in January, 2003. That was a 90% loss of price, but really closer to 94%, because of the fall in the dollar’s value, 1980–2003. In short, silver was an investment catastrophe for over 20 years.
The official figures for demand and supply remain steady, year after year: from 770 million ounces to 900 million ounces.
No central bank holds silver as a monetary reserve. No central bank is committed to buying or selling silver for public perception reasons. Silver has been de-monetized. It is no longer on the political radar. So, silver is closer to a true free market commodity. It is therefore more subject to the ups and downs of the business cycle.
There was a close gold/silver correlation for many decades: 15 to one. That was because this ratio was set by Federal law. It was a price control. Gresham’s law always took over. The overvalued metal would drive out of circulation the undervalued metal. For as long as the government would supply the undervalued metal, the coins would circulate side by side. But when the gold/silver ratio diverged too much from 15-to-one, speculators would buy up the coins of the undervalued metal and ship them abroad or melt them down for their value as metal (higher) rather than money (lower).
The gold/silver ratio as a forecasting tool produced only losses, 1980 to 2003. Silver’s market price fell by 90%. Gold’s price fell by 70%. The gold/silver ratio increased.
When you discover an alleged semi-fixed price ratio that produces forecasting errors for 23 years, it is best to avoid adopting it as your precious metals allocation strategy
You can make more money in silver when the market rises: no overhang of leased silver in central ban vaults. You can also lose more money when silver falls, along with the economy: no central bank buying of silver.
You can make more money in silver when the market rises: no overhang of leased silver in central ban vaults. You can also lose more money when silver falls, along with the economy: no central bank buying of silver.
Mark O'Byrne,Gold investments: http://www.moneyweek.com/file/28810/why-the-silver-price-is-set-to-soar.html
So, from the value investors point of view, silver is clear winner.Second place is natural gas !!!
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