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4 Comments

  1. If you’re planning to buy gold over the next year or two, accelerate your purchases and git er done in the next six months or so. Basel III is the new international monetary agreement that has just been fully implemented (March 29). Under this agreement, structured by the Bank for International Settlements (BIS), central banks (governments) can now value their gold at full market value as a reserve asset. Previously, 50% was the value they had to use. This is a major move towards gold as money, and it is the reason the Russians and the Chinese have been buying gold as fast as they could dump US dollars. The days of the dollar as the world’s reserve currency are now officially numbered.

    The price of gold has been held down so that the big players could accumulate it at the lower prices. Now they have an interest in starting to let the price go up. Nothing terribly dramatic, say $1,800 by the end of this year. (I’m not promising, just thinking on paper.) This means our cost of acquisition may well rise dramatically. Thus, buy now!

    If you’re a stock investor, look at royalty companies. They’re more conservative, sometimes pay dividends, and will probably spike upwards when this news is better understood by the public and the dummies at the news networks.

    1. Another royalty company example is BPT. We no longer hold it, but they get paid for pumping oil through their pipeline, and part of the revenue then is paid to shareholders quarterly as royalties. For several decades, it was a steady cash income to our portfolios.

  3. A royalty company will pay a mine owner an up front fee for the right to sell a small percentage of the mine’s output. Some royalty companies take ownership shares of miners, others do not. Because royalty companies are not exposed to the capital requirements of the miners, and because they often pay dividends, they are usually considered a conservative way to invest in precious metals. Note that a couple of the royalty companies invest in base metals as well as precious metals. These stocks tend to be much less volatile than mining stocks.

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