Friday, February 27, 2009

Richard Russell

Which is why I've recommended gold coins. In a funny way, once you buy some coins you are stuck with them. It's so much trouble to buy the coins, that once you buy them and take physical delivery, you tend to sit with them. It's even more trouble to sell the coins so again -- you sit with them. Over time, those who bought the coins and have sat with them -- have done best in the gold bull market. They never traded in and out of the bull market, and they necessarily stayed with the great primary bull trend in gold. In other words, by "doing nothing" they did well.

I'm glad to be able to say "they" applies to me.

No comments:

Post a Comment