Investments: Hedge Financial Risk with Precious Metals and Basic resources Stocks
Hedge Financial Risk with Precious Metals and Basic resources Stocks
Stock markets around the world have dropped significantly as a crisis in liquidity has developed for big hedge funds, financial institutions and banks with exposure to derivatives risk, such as the current real-estate and mortgage meltdown.
The real-estate and mortgage woes have been bad for stocks of all kinds. Investors have been getting very nervous as losses have started to pile up. Some have even started to dump their stocks at insanely cheap levels.
While it is impossible to know what may happen next, I am confident that we need to hold tight and not panic. Panic selling would be a grave mistake. I believe that this is the time to get a better price on something of real value.
In fact, according to CNNMoney.com, corporate insiders are buying their company's stock like there's no tomorrow. "Total insider buying in the United States reached $252 million in August, the highest level since 2003, according to the Financial Times. The month normally averages $186 million in such trades."
While a major recession, now very likely in the U.S., will slow economic growth, it will not eliminate the need for the basic building blocks for society.
So I called up one of my colleagues, Greg McCoach, and talked to him a while on this subject. Greg is an expert on precious metals and precious metal mining and has been the editor of Mining Speculator since its inception in 2000.
Right off the bat, he strongly advised me to purchase some physical precious metals and select precious metal mining shares on this dip. Which, by the way, I wholeheartedly agree with. And here is why.
Greg's portfolio has been one of the best in the business and his Mining Speculator readers have been enjoying unbelievable profits.
Mining Speculator's portfolio has 22 open positions. Of those 22, 15 are up and six have triple-digit returns.
And the portfolio return? 626% in the past six years.
Hard to beat that, huh?
The bottom line is that Greg McCoach is one of the best of the best when it comes to precious metals, and he has the track record to prove it.
That is why I want you to get in on this opportunity and get a piece of the action, too.
Take a moment to read the free report that he has prepared for you. Trust me, you won't be disappointed.
Good investing,
Jeff Siegel
Managing Editor, Green Chip Review
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posted by Victor Lloyd Smith @ 9:32 AM
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