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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Anti-gold crowd is running out of safe haven investment opportunities

Anti-gold crowd is running out of safe haven investment opportunities

posted on Jan 08, 2009 04:48AM

The reason gold is up 20 dollar for the day as I write, is that another safe haven investment opportunity just ceded to exist: Walmart. For many Funds retailers are considered a safe investment even in times of recession, since people continue to eat. So the bad figures shown by Walmart and other retailers today must have been a serious blow for many of the funds, who thought they were safe with their investment in the retail sector.

Put on top of that the difficulty US Government and other Governments (Great Britain which lowered its base rate to 1.5% today) have in selling their Treasury paper and we have basically one safe haven investment left: Gold/silver.

Maybe this will be the trigger we needed to boost interest in Gold as an investment.

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