The Solution:
The Best Strategy in Today’s Economy Is...
Diversification into Tangible Assets!
Against a back-drop of escalating current-account deficits, mounting individual and federal debt, and rising oil prices, gold has charted an upward course. Analysts who understand gold’s
historical role as a non-correlated asset know that the steady improvement in
the price of gold over the last several years is only the beginning. Blanchard
and Company, Inc. is in complete agreement with the recent observation of Richard
Russell:
“The case for holding gold…continues to make sense. Gold is wealth, and in time all paper money loses value until finally it becomes worthless. Today, with U.S. prosperity based to a large extent on low interest rates and copious liquidity, the basis for lasting prosperity is very tenuous. The best strategy in today’s economy is diversification. And with diversification, it makes sense to have a portion of your assets in true money—gold.”
Richard Russell (Dow Theory Letters; 5/25/2005)
Other Noted Analysts Share Mr. Russell’s Opinion
In addition to Richard Russel’s observations, James Grant (Grant’s Interest Rate Observer; 6/06/05) states…“Grant’s is mortally certain that all monetary roads lead to gold—not to a new gold standard but to a continued gold bull market…It is hard to find and produce gold, easy to print money and write options…So relatively scarce is gold bullion that even a small reallocation of monetary assets to gold from paper, a small tweaking at the margin could cause an inspirational pop in the gold price.”
In a recent interview for Blanchard and Company, Inc.’s new Tangible Assets Talk CD, both James Turk and John Rubino, co-authors of The Coming Collapse of the Dollar and How to Profit From It, offer their thoughts on the continuing trend of increasing value in tangible assets:
“This trend is likely to continue for another five to eight to ten years…this is not a one-year play or a two-year play…so look at this as a way of diversifying your portfolio and building wealth for the future.” (James Turk, 2005)
“Gold is the form of money that will go up most against the dollar and eventually against the yen and the Euro and the British pound, so you want to make it your money of choice.” (John Rubino, 2005)
(James Turk and John Rubino; Tangible Assets Talk; CD produced and distributed by Blanchard and Company Inc.; 2005)
