Jeff Nielson over at www.BullionBullsCanada.com argues that the “buy and hold” mentality that has left the traditional stock market has remained in precious metals:
In fact, “buy and hold” is not dead when it comes to the precious metals sector. Returning to the era of investing, competent financial advisors would tell their clients that they need to provide (at least) three to five years in order to give a particular investment opportunity the time necessary to realize its potential. Pick any point in time throughout the 10+ year bull market for gold and silver, and one will see that anyone who gave that investment 3 – 5 years to “ripen” would have been well-rewarded for their time.
It would be difficult to find a single other sector which boasts such a track record. However, when we also look at the future prospects of precious metals, it then becomes impossible to find a single other sector anywhere in our economies which demonstrates not only a long track-record of success but unparallelled fundamentals for the future.
Read the entire article here.
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