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Well, the U.S. Dollar Index is
heading for the cellar and gold is heading for the moon. Of course, a falling
Dollar Index simply means the value of a dollar is falling faster than the
other unbacked fiat currencies, which it is measured against are falling. In
a world of rubber yardsticks, it is hard to find anything to accurately
measure with these days. Of course, don't be surprised if the dollar bounces
a bit before it continues its slow inevitable decent to its intrinsic value
of zero.
In the middle of this latest crisis with rising oil prices, a falling dollar,
pending war with Iran, and the debt crisis many people have called me and
asked for financial advice. If they have been listening to me all along, they
should be fully invested in precious metals, precious metals mining stocks,
energy stocks (oil, natural gas, uranium and alternate forms), defense stocks
and few select foreign i-shares.
So, when friends of ours e-mailed me and asked us to come to Bozeman, Montana and go fly fishing, we just had to say 'yes'. Puddy and I flew up
and spent a week fishing, relaxing, watching the elk, resting, reading and
viewing some of the most spectacular scenery in the United States. While I did not catch fish quite as good as Brad Pitt in the movie, "A
River Runs Through It" (which was filmed in Bozeman), I did manage
to catch a couple of trout. But, more importantly I "caught"
a relaxing few days, in the company of good friends, in an extraordinary
setting. The time we spent visiting our friends was medicine for my soul. I
was able to leisurely go off fishing because I was positioned to take
advantage of this crisis before it hit.
It's more important to be invested in the correct sector than an individual
investment within that sector. As long as you pick the right sector, and then
diversify within that sector, you can weather a storm with confidence. Just
trust your judgment, don't panic... then go fishing and relax. (You can count
your profits when you return.)
Remember to live your life well with family and friends. Then, you will truly
be wealthy beyond measure.
Oh, and if you have not invested in those sectors it's not too late. There is
still plenty of upside left. Don't delay, put your investments in order today
and next time the financial storms rage, just relax and go fishing. Give me a
call if you have any questions, and I will be happy to share my thoughts with
you.
Wisdom is the reward you get for a lifetime of listening,
when you'd have preferred to talk." -- Doug Larson
Larry Laborde
Silver Trading
Company
www.silvertrading.net
Larry lives in the occupied South with his wife Puddy and sells
precious metals at the Silver Trading Company. Larry can be contacted
at llabord@aol.com. You can view
his web site at www.silvertrading.net.
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