Analyst Recommends One Stay Fully Invested In NICK
Wednesday, 5. November 2008, 20:15:53
I've written extensively here in this blog discouraging investment in sub-prime automobile lender, Nicholas Financial, NICK, and encouraging that one be invested in gold; which is completely contrary to Seeking Alpha contributor, and buy and hold atrategist Eddy Elfenbein who today said: "This investment will take awhile to be worthwhile, but it looks to reward patient investors."
Dear blog reader, please understand Capitalism Has Died, State Corporatism Is Rising.
Despite the deflationary decline in gold seen in the Privateer's $US 2 x 3 chart of gold, and being an investor who perceives an ongoing investment demand for physical gold, I recommend that one buy gold and put it far, far away from the current financial system, safe and sound in a guarded vault, like BullionVault and GoldMoney, with an account personally at streetTracks Gold Trust, and in physical possession of gold coins.
You know, there are no guarantees, but it sure looks to me, from the INO chart of $GOLD , that a bottom has been made in gold at $720.
It's as Ned W Schmidt relates in Market Oracle: U.S. Money Supply Growth To Lead To Higher Inflation And Gold Price.
The ongoing Yahoo Finance chart of the gold ETF, GLD, shows the market price of gold trading down three precent today at $73.07; Kitco reports futures gold, $GOLD, trading down at $740; and the US Dollar, $USD, trading down at $84.60.
Dear blog reader, please understand Capitalism Has Died, State Corporatism Is Rising.
Despite the deflationary decline in gold seen in the Privateer's $US 2 x 3 chart of gold, and being an investor who perceives an ongoing investment demand for physical gold, I recommend that one buy gold and put it far, far away from the current financial system, safe and sound in a guarded vault, like BullionVault and GoldMoney, with an account personally at streetTracks Gold Trust, and in physical possession of gold coins.
You know, there are no guarantees, but it sure looks to me, from the INO chart of $GOLD , that a bottom has been made in gold at $720.
It's as Ned W Schmidt relates in Market Oracle: U.S. Money Supply Growth To Lead To Higher Inflation And Gold Price.
The ongoing Yahoo Finance chart of the gold ETF, GLD, shows the market price of gold trading down three precent today at $73.07; Kitco reports futures gold, $GOLD, trading down at $740; and the US Dollar, $USD, trading down at $84.60.
WIDGETIZE