Bob Moriarty explains why precious metals investors may want to look beyond gold to a commodity with a long history and an interesting relationship to the yellow metal.
by Bob Moriarty
The Gold Report
I wrote a book a couple of months ago about some of the basics of investing. The book has done well and it seems to have struck a cord with readers. In the book I try to explain that by listening to the “Experts” investors are doing themselves a disservice. When the “Experts” get it dead wrong, they don’t pay, you do. So why not take some responsibility for your own investment decisions? The Gurus don’t care if you make money; they only care if they make money.
Much of what you hear is noise designed to match your fantasies. If you dream at night of gold going to $10,000 an ounce, you can listen to Jim Rickards. And maybe he’s right. On the other hand you may belong to the choir that hates gold.