A bit of “I told you so” for my friend Fred, who claimed that he had “missed the boat” when gold got up past $550 per ounce. I have been begging him to diversify into some silver and gold, ever since gold was around $345 per ounce. Yesterday, (Thursday, Jan. 10, 2008), spot gold spiked briefly to $895 per ounce and spot silver shot up to $16.21 per ounce. There will surely be a lot a volatility–including some scary dips–but the long term trend is almost certainly up for all of the precious metals. Buy on the dips, folks.
o o o
David V. recommended an exceptional piece of economic analysis from Mish Shedlock’s blog: Ponzi Financing and the S&L Crisis Revisited
o o o
Retiring General Aims To Create a Culture of U.S. Preparedness (A hat tip to Jason W. for send us the link.)
o o o
“Poik” e-mailed us a link to an article at the Possum Living blog: Home Built, Trailer Mounted Cabin