Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Why gold has a long, long way to run higher
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Wednesday, November 11, 2009
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By Dan Ferris in the S&A Digest:

"Who in this room has enough gold bullion to live off of for one year," Porter asked the roughly 250 Alliance Conference attendees. Only about 10 people raised their hands. Porter then asked who held at least 15% of their investable assets in gold bullion... Around one-third of the room raised their hands – an improvement, but still not the number you would expect considering the current gold mania.

And these aren't the average people you'll find on the street... These are our Alliance members – our very best clients. They receive everything we publish and will publish (except Phase 1) in the future – for life. Every day, we pound them over the head with information explaining gold's benefits and why they should buy it... And we've been recommending gold in one form or another for at least five years. In other words, this isn't a fair control group. But the majority of these folks still don't own sizable gold positions.

As Brian Hunt, Stansberry & Associates editor in chief, said while moderating Monday's panel discussion, "If you asked 100 people on a street corner if they owned gold, I'll bet nobody would say yes."

So if you worry gold is too popular, don't worry at all. The yellow metal has a long, long way to run.

Crux note: The S&A Digest comes free with a subscription to Dan Ferris' Extreme Value. Dan's currently recommending several unique ways to make big profits from the bull market in gold - including a deep-value gold stock that has a real chance to return 28 times your money. If you're not already a subscriber, click here to learn more...

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Topics: Gold | Commodities
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