Gold Insurance

by Olivier on April 26, 2009

It’s been quite a while I haven’t talked about gold. As you know I am a big believer in physical gold bought for insurance purposes. Jim Sinclair recently stated you shouldn’t buy gold for profits. That’s great advice and I agree with his take. That said I do have gold mining stocks in my portfolio but I do not restrict my trading to precious metals or resource stocks. Although these sectors are my main focus trading is about making profits no matter what kind of stock you trade. Don’t forget about the importance of cutting losses and make sure to buy physical gold and silver with a portion of your liquid net worth. This will serve as a sound foundation.

Always keep wealth preservation a top priority!

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