In the late summer of 2001, I officially turned bullish on gold bullion and silver.
Back then, silver was trading at $4.25 U.S. an ounce–today it’s over $12. Gold was then trading at $275 U.S. an ounce–today, I’m pleased to see, gold bullion has broken $600.
In the fall of 2001 we published the now classic Silver Expose: three publications that we sold in a kit to our financial subscribers covering the history of silver, why silver would rise further and our favorite silver picks. That same fall we came out with several reports on our favorite gold stocks.
Needless to say, the silver and gold stock picks we made in the fall of 2001 are now up between 100% and 300% in price. And with gold moving to $600 U.S. an ounce for the first time in 25 years, this weekend the Champagne will be flowing at our home. We are officially celebrating a mini-milestone in the price of gold. I say “mini” because I believe gold prices, albeit except for the occasional correction along the way, are headed much higher.
To my beloved readers, I hope you heeded my advice and are celebrating with me this weekend. If you haven’t added either gold or silver to your portfolio, have no fear. It’s not too late. I will look at even the slightest price correction as an opportunity to add to my position.
The bull market in the precious metals market is very strong. And as you’ve heard me say before, the trend is always your friend. Hence, this is no time to leave the precious metals bull market party. And I also believe it’s not too late for new comers to join the party.