20 Jun '12, 3pm

Gold please don’t rise above USD 1700 before Oct 2012

Gold please don’t rise above USD 1700 before Oct 2012 by Jared Seah on June 20, 2012 I own paper silver (UOB silver account). Wished I had bought more. The paper and unrealised return for silver so far beats the dividend yield plays that I bought around the same time. Silver is 50% industrial use and 50% greater fool. Guess what? Over the last weeks, I’ve been itching to buy a 100% greater fool block that just sits there. Why? While all these bailouts and easing by the Central Banks around the world are helping to put a floor and reflate my equities holdings (I not complaining), but all these money printing will come home to roost one day… Just visit our neighbouring countries with all the zeros on their bills. It’s easy to be a “paper” millionaire! Another was the realisation that I need to own some physical precious metals. Physical silver would take up too much space. G...

Full article: http://thefinance.sg/2012/06/20/gold-please-dont-rise-abo...

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