Adding Shine to Your Portfolio
December 2005 by Associated PressAs inflation fears grow, some advisers are steering their clients into precious or industrial metals as a way to add luster to portfolios.
...frankly, the question is being asked, "How in the world could otherwise rational people even consider investments in the yellow in the yellow and white metals?"
There is one rule of thumb when prospecting for gold in Alaska: You’ll find your best pay in southern-sloped exposed ground. This is not to say there’s no gold on northern exposed gulches where the sun has trouble reaching it and limited melting occurs. It’s harder, and more time consuming, to look for easy prospects in northern exposures.
Compared to California, Arizona has virtually no oil seeps. But, the great Permian Basin of West Texas has virtually none either. Arizona has something that neither California nor Texas have, and that is public lands that are open for leasing. The northern half of Arizona has more seeps and is thus of greater interest, but it would be foolish to disregard the southern half because giant oil and natural gas fields could underlie some of the broad desert valleys.
...we cannot help but wonder exactly how nation after nation, already massively in debt and presently burdened with monumental operating deficits, is going to come up with such largesse. We also wonder exactly how going ever-more deeply into debt is going to resolve a debt crisis.
Most American markets greeted the first few trading days of the new year with substantial selling. Compared to their 2004 year-end levels, by January 11, the Dow Jones Industrial Average had declined almost 300 points, the NASDAQ Composite had fallen from 2,185 to near 2,080 while the S&P 500 had dropped from 1,217 to 1,183.
Most developmental ideas grow from the reluctance of some individual to participate in hard work, so I can only say that I must think better in a reclining position.
The Bawl Mill • Pombo Bill to Provide Some Relief for Miners • Gemstones in Wyoming—Part I • Gateway Gold and Jerritt Canyon • The Koyukuk-Nolan Goldfields • Miners Come Out On Top in SREP v. USFS • Mining Stock Quotes and Mineral & Metal Prices • Melman on Gold & Silver • Looking Back • Company Notes • Picks & Pans: Nuggetshooting Around Cactus • Tales of California Gold Discoveries 4th in a Series—Pay Attention When You Dig