Back in 2004 I made the momentous decision to sell my house in a real estate market that was still spiralling northward rather than wait for it to peak and then try to bail out as it declined. I knew that my cautious inclinations would cause me to miss out on further upside gains, but I saw the writing on the wall – two walls, in fact. I realized it was just a matter of time before the housing bubble burst and believed that commodities were about to take off.
Why commodities are the ideal investment for a cautious and conservative investor
So what did I, a conservative investor, do with the cash kitty from the sale of my house and my other savings? I bought precious metals...gold and silver bullion as well as major, mid tier and junior mining companies. Some exploration and development stage junior stocks and warrants were added for balance and growth. For diversification, I also acquired some energy...oil and uranium, a few select base metals miners as well as some agricultural grains and fertilizers.
Back then, when someone asked about my new investments, my response was guarded but it invariably engendered head shaking scepticism bordering on wonder...about my stupidity. ‘Goldbug’ was a term I think I heard. It meant that I was one of those true believers whose judgement was impaired.
Continue at commodityonline
Why commodities are the ideal investment for a cautious and conservative investor
So what did I, a conservative investor, do with the cash kitty from the sale of my house and my other savings? I bought precious metals...gold and silver bullion as well as major, mid tier and junior mining companies. Some exploration and development stage junior stocks and warrants were added for balance and growth. For diversification, I also acquired some energy...oil and uranium, a few select base metals miners as well as some agricultural grains and fertilizers.
Back then, when someone asked about my new investments, my response was guarded but it invariably engendered head shaking scepticism bordering on wonder...about my stupidity. ‘Goldbug’ was a term I think I heard. It meant that I was one of those true believers whose judgement was impaired.
Continue at commodityonline
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