Dow Not Keeping Up with Gold

Dow Theory Letters
"...I advocate buying and holding gold at all times and stocks when stocks are in a bull market. I've got to operate in the same world that my subscribers operate in. It's called "the real world." And when the Dow heads higher, it may not be keeping up with gold in the long run, but it's providing us with a profit in fiat dollars. And in the real world, profits in fiat paper are still profits we can use. And right now the US government forces me to do all my transactions in fiat paper. I use dollars to live, and I hold gold because, up or down, gold represents eternal wealth.

Hey, when the Dow goes up and I'm holding DIAs, I like it. I like it, even though over time the Dow has not been keeping up with gold. Of course, another difference is that ultimately I'll surely trade the Diamonds (DIA), but I'll simply accumulate and hold gold."(10/10/07)

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: