Ever heard of the word “abide?”
Really an interesting word. What does it mean? Now first of all do not get concerned that we are crossing the realm of the spiritual here. While the word “abide” has definite & specific meanings in Christian circles the concept of the word can still be applied to other things which is what we shall do.
ABIDE: To withstand; to continue to be sure or firm; to endure; to sustain; to submit to; to bear patiently; to tolerate; to dwell or sojourn.
Kind of reminds me of the mental discipline we have to apply for those of us who believe in the financial virtues of gold. I was listening to CNBC on TV a little bit this morning and couldn't help but notice their response to the gold price. Here is a financial product that has risen from the low 250s an ounce to very close to 500 dollars an ounce.
So, is there any one among the mainstream financial community yet paying attention or providing serious commentary as to these facts? No, not really. Instead, we hear a few words of ridicule claiming gold as the stupidest investment & that is about all. But hang in there because a little ways down & we will show you how gold is gaining respect & attention among real investors & folks in general who have a serious desire to make real money. But let's get back to our “word” of the week.
What does it mean to “abide?”
One meaning is “to withstand.” And that is what we do if we believe in gold as an investment. We “withstand” all the negative criticism from mainstream WallStreet & form our own objective analysis based on the REAL facts!
I like - “to continue to be sure or firm.” If you are foolish & demented enough to believe in the economic valuation of gold you have to remain sure & firm in your convictions as the mainstream WallStreet elite laughs at your chosen investment vehicle.
When we abide in something we “submit” to those principals that make up its foundation. Wow! Is that ever a dirty word today, because who in today's society wishes to submit in humility to anyone or anything?
And how about this definition, “to bear patiently?” I know all of us are waiting for our gold investments to rise, but are we waiting patiently? Whether patiently or not we still have to stand by our convictions & wait - whether patiently or not.
How about, “to tolerate?” We definitely tolerate the inevitable cyclical highs & lows as the gold price marches forward don't we?
Now this last meaning has to be the best yet. Abide means also “to dwell or sojourn.” And where do we dwell & spend our sojourn? When we invest & abide in gold we dwell & sojourn in the peace that comes when making a wise & conservative financial decision. Never forget that purchasing gold investments is like purchasing an insurance policy. And who today can afford NOT to have investment insurance?
We dwell in the peace & historical fact that gold historically has acted as a counter balance to a deteriorating stock portfolio when a crash in the markets comes. The Depression of the 1930s saw gold companies' stock valuations rise tremendously. What price can we afford not to pay to dwell & sojourn in peace?
You know – I get tired often of being repetitive & seemingly saying the same thing over & over. And I am not one to pull up a bunch of graphs to act as filler to add space to an article. But my continued goal does remain to make a point. And I suppose to simply state the point I wish to get across is to say simply to consider your common tool shed.
And you may not have a tool shed & instead live in a condo. But I'll bet you still have one drawer in your kitchen dedicated to “odds & ends.” And among these odds & ends is the hammer you keep for nailing picture nails in the wall. Let's stop here just a minute & examine that ole' hammer collecting dust in that kitchen drawer.
“Hammers are one of those products that have been used continuously throughout history, and have evolved only slightly since they built the pyramids. THE HAMMER MAINTAINS ITS VALUE EVEN IF IT SITS IN THE STORE WAREHOUSE FOR A LONG TIME.” Dr. Gene Huang, PhD, World Trade Center, Chief Economist, FedEx Corp, 6-12-2003
Just because that hammer sits for a long while collecting dust does not diminish its value. And gold will always retain its value even when collecting dust on a museum shelf or resting deep under the earth awaiting discovery. Gold has value because it continues to be recognized as money & that remains a fact that will never change.
This really is what gold is all about.
Gold is not some sacred relic we worship upon a high & vaunted pedestal. Gold simply put is a “tool.” It is our belief that in this last generation we have come to forget the important financial role gold plays as an economic tool when economies turn sour & WallStreet is no longer the place to make money.
And how is gold doing this week? The following represents an excellent update by a proficient gold analyst. Louis does a first-class job of informing us where gold is presently at & where we are heading.
“Lately, gold is decoupling from the Dollar and is rising in all currencies. The long term price chart is telling us A NEW PHASE OF THE BULL MARKET HAS BEGUN WHEN IT BROKE THROUGH $450 IN SEPTEMBER TO REACH NEW SUCCESSIVE 17-YEAR HIGHS (the HUI Index has yet to confirm this new phase, but I believe it will, and soon enough).”"..a mere five years ago, Gold was considered the laughing stock of the financial community." “…DEMAND IS GROWING AT TRIPLE DIGIT RATES.” “My belief is that the average person, who never previously considered gold as an investment, is just recently beginning to come to grips with some of the serious problems that lie ahead (concerns outlined in our previous Issue for instance).” By Louis Paquette, 11-2-2005
“…SENIOR UNHEDGED GOLD STOCKS ARE NOT UP BY DOUBLE-DIGITS, BUT A SHOCKING 400% TO 500%! THAT'S AN AVERAGE OF SOMETHING LIKE +80% EVERY YEAR!” BY LOUIS PAQUETTE, 11-2-2005
Who again is Louis Paquette? A solid analyst with strong credentials. Louis knows his stuff & is one of those few analysts very much worth listening to.
“The next phase of the gold bull market which I believe is just getting under way, will be driven by this kind of information over long enough time combined with the resulting raw emotions of envy, greed, fear and anger at how people have been betrayed by Wall Street.” “BUT NOW THAT THE FINANCIAL NEWS NETWORKS ARE TALKING UP GOLD ON A DAILY BASIS, THE SECTOR HAS LOST THE STIGMA THAT WAS ONCE ATTACHED TO IT. INDEED, THE FOOLS ARE INCREASINGLY LOOKING MORE LIKE THE ONES WHO HAVE CONTINUED TO HAVE FAITH IN A RECOVERY ON WALL STREET.” “Faced with a topping housing market, a gradual recognition of the Debt Bubble, along with the growing recognition of Gold as a stellar investment performer by mainstream financial media, folks will turn to the one financial asset investors can trust so far this century. That is, Gold and Gold stocks.” By Louis Paquette, 11-2-2005
Don't forget that several years ago we predicted that gold would grow to become the trusted investment choice of the 21st century & we are slowly & gradually seeing this fact become a strong & powerful reality. Anyone care for a little Rudyard Kipling before we go?
Rudyard Kipling, The Way Through the Woods
THEY shut the road through the woods
Seventy years ago.
Weather and rain have undone it again;
And now you would never know
There was once a road through the woods
Before they planted the trees.
It is underneath the coppice and heath,
And the thin anemones.
Only the keeper sees
That, where the ring-dove broods,
And the badgers roll at ease,
There was once a road through the woods .
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