Is gold becoming a mainstream investment
posted on
Nov 24, 2009 10:51PM
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Hey everyone
I haven't posted for a while, just thought I would share what I am seeing on the frontlines of the investing world everyday. Some of might remember I am a financial rep for a very large firm. I have been investing in gold and Tyhee since 2004. Back when I started to invest in this sector (and it has been VERY profitable) when I mentioned gold or gold stocks to investors or colleagues they laughed and thought I was nuts, one of those fringe persons.
Well things have changed! There is not a day that I don't dicuss the price of gold with interested colleagues and with interested investors. It is not uncommon as I walk by my collegues offices that I overhear conversations regarding gold stocks or gold bullion. Today I was working with a guy to invest in silver companies. I had him look at Silver Standard , Silvercorp, Majestic Silver, all companies we have all heard about on this forum and through our sharing of information. It is by no means the majority of my calls but 15-20% of investors are starting to invest into this sector.There is huge amounts of fear out there regarding the direction of the DOLLAR.
My point is that Joe Q Public investor is moving into this sector. It is just begining, but it is happening. They might take gold down again to try and weed out some of the newbees but i think that will backfire long term. It is nice to have some confirmation that our efforts and patience is payng off, and I am telling you it is, and will continue to do so from everything I am seeing. Stay focused freinds, we are right.