The fictional dream of an easy discovery and instant riches - sold to an overzealous audience - far outweighs the reality that the actual odds of discovery on any exploration property are about 1 in 1,000.
Production stage, location and dividend possibilities separate top mining and royalty stocks from the rest of the heap. In this interview the Gold Stock Analyst newsletter writer reveals what diversifying your gold portfolio really means.
The strange thing about gold and silver is that while they are the last vestige of a money that is not in and of itself able to be manipulated by the political criminal class, many people still trade instruments in metals which are easily manipulated.
Bullish factors weighted against bearish factors suggest that gold will continue higher with the highest probabilities being that the yellow metal will likely end this year around $1,600/oz to $1,610/oz and possibly next year over $1,800/oz.
Despite widespread assertions gold is becoming scarcer, the metal actually is oversupplied, according to the Kitco Metals senior analyst, providing a contrarian response to a bullish precious metals mood at the New York Hard Assets confernce.
In making the case for continued investment in gold, the managing director of American Precious Metals Advisors is succinct: gold reaching $2,000/oz. in the next year and $3,000-5,000/oz. "before the cycle begins to reverse."
Gold and silver continue to rebound from their sell offs as Euro zone periphery worries intensify with real risks of defaults and possible contagion. Gold has risen from EUR1,010/oz to over EUR1,057/oz since Friday.
Last week's monumental silver selloff presents a sterling opportunity, according to Eric Sprott, is CEO of Sprott Asset Management LP, who characterized gold, by comparison, as the investment of the last decade - rather than the one we're in.