blog.milesfranklin.com / By Miles Franklin, Ltd / March 1st, 2013
In my recent RANT, “PM BULLION CLOSED-END FUNDS: HELPING OR HARMING?,” I discussed seven specific risks inherent to “PAPER PM Investments” – as follows…
- Systemic Risk
- Taxation Risk
- Naked Shorting Risk
- Redemption Risk
- Confiscation Risk
- Proxy Risk
…and the topic of this RANT…
7. “Trigger Risk”
What prompted this article was the psychological impact of the past month’s Cartel attack; engendering, according to Bill Holter, “the most “fear” amongst investors I have seen since the year 2000.” In fact, we have seen some of the weakest “GOLD SENTIMENT 101” recordings of the entire 12-year bull market…
Bearish Futures Sentiment “A Contrarian Sign to Buy Gold” – 26 February 2013
…fostered by ignorant (and/or compromised) “MAINSTREAM (miles franklin)” analysts…
Goldman Sachs: The Gold Market Selloff Is About To Accelerate
…and of course, the utter annihilation of mining stocks…
As someone who not only held his entire portfolio in junior PM miners from 2002 through 2008 – and worked for them from 2006 through 2011 – I fully understand the utter misery of watching one’s wealth disappear; with the added ignominy of seeing it happen knowing I was RIGHT in my forecast of higher gold and silver prices.
My story is well-documented; of how I started converting “PAPER PM Investments” to PHYSICAL gold and silver in 2007, finishing the task in 2011 when I went 100% PHYSICAL – NEVER to turn back. Consequently, my lifehas been saved in myriad ways – more than you can imagine.
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