James Rickards explains that approximately 1.5% of major investment holdings are in gold, leaving massive room for demand growth. According to Jim, if this allocation percentage as little as doubles, the price of gold could easily double as well.
Jim's research and analysis indicates gold will reach at least $7,000 per ounce on a mid-term time line. He recommends a personal allocation of 10-20%.
Please click here to watch the video.
Those of you who read us on a regular basis will be aware that we are don't consider gold and silver as a 'part' of our portfolio, it is all of our portfolio. We have no holdings in the general stock market and do not diversify from metals. So dear readers you would be wise to consider us as extremists in our beliefs and investment philosophy as it won't suit most people.
Simply put, our strategy is to hold both physical gold and silver, along with a selection of quality mining stocks and the utilization of the options market to add a little spice to our portfolio. You have been warned!
Have a super day.
Regarding www.skoptionstrading.com. We are off to a good start with our three positions showing profits of 62%, 26% and 2% on Wednesday, moving higher on Thursday to show profits of 67%, 30% and 6% respectively.
So on Friday we closed two of these trades, the first gave us a profit of 71.58% and the second gave us a profit of 33.97%.
Its nice to bag a couple of winners before January is out and hopefully 2012 will continue in a successful manner. We do have a number of ideas on the drawing board which we are looking to execute shortly, but only when the risk/reward environment is firmly in our favour.
Please be aware that discussions are taking place regarding an increase in the price for this service for new members, so if you are thinking about joining us, then do it sooner rather later in order to avoid this additional expense. This price increase will not affect the current subscribers whose subscription will remain unchanged.
Our performance stats have now been updated as follows:
Our model portfolio is up 446.55% since inception
An annualized return of 98.38%
Average return per trade of 36.68%
96 completed trades, 88 closed at a profit
A success rate of 91.67%
Average trade open for 50.48 days
Also many thanks to those of you who have already joined us and for the very kind words that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.
To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. Winners of the GoldDrivers Stock Picking Competition 2007
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