Gold and Silver!

*** “Have you bought your gold and silver yet?” writes our intrepid correspondent Byron King.

“You ought to have 5-10% of your portfolio in gold and silver, and I mean the real, physical stuff.

“Oh, you haven’t gotten around to buying any gold or silver yet? Let me quote Rudyard Kipling, from his poem ‘Gunga Din.’ You need to ‘put some juldee in it.’ Quick! Go and get some precious metals! Don’t make me say I told you so, because I will.

“Indeed, I told you so. Or we told you so. Buy gold and silver. If you follow almost any of the publications from Agora Financial, you ought to know that in one way or another, for about 10 years, Agora has been advising people (this means you) to buy precious metals. Back then, in the good old days of Y2K, gold was selling for well under $300 per ounce. Silver was going at $2-3 per ounce. Lately, gold has been selling in the $900 range, with an excursion over $1,000 about two weeks ago. Silver is trading in the $12-14 range.

“Starting in 1999, Bill Bonner told you to buy gold. Bill even helpfully labeled it “The trade of the decade.” Over the years, Agora Financial published countless essays about gold from the Mogambo Guru, who was never subtle about it. ‘Buy freaking gold,’ said Mogambo. “Or if you don’t buy gold, buy silver,” he said. You could look it up.

“Many other Agora editors and contributors told you to buy gold and silver. Addison Wiggin, Eric Fry and Dan Denning told you to buy it. Agora Financial published guest articles from the likes of Gary North, Doug Casey, Marc Faber and many others about buying precious metals. I’ve been writing about gold in Agora Financial publications since 2003, when I was a mere “unpaid correspondent in Pittsburgh” composing occasional notes for Markets and Money. ‘When all else fails (and it will),’ I said, ‘own gold.'”

Bill Bonner
for Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

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I remember reading many years ago about a supposed historical ratio of 50:1 between the prie of gold and silver. What are your thoughts on using this to identify when silver is under priced?

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