Tuesday, March 8, 2011

Bay Street Was Wrong & Gold Bugs Were Right

......and here we sit at $1,426 gold this morning from $250 in 2002. It goes to show that you've gotta be careful who you listen to. That banker of yours is about to disburse your RRSP dollars into a mutual fund that you may not know much about. Please educate yourself and digest the fact that financial institutions have a primary interest in keeping your capital above your primary interest of growing your capital. The sarcastic Charles Schwab commercials speak volumes. There has been a tremendous opportunity cost over the past decade when factoring negative growth compounded over time in balanced do nothing investments. Am I a fortune teller of investment opportunity? Absolutely not but anyone with a simple propensity to grow their net worth can certainly read economic data with fundamental comprehension having not studied macro economics 101. All's I'm suggesting you do as I ask all of my tax clients - operate intuitively with basic sound principles of global economic insight while gaining an understanding of industrial supply and demand forces along with the mechanisms of markets.

Perhaps, I will update another blog of interest more regularly. Feel free to subscribe with RSS.

Gold Mining Generally