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"For an example of a tangible item moving from being undervalued up to its normal relative value, let us look at oil.  Let us just say its normal value with all other things in $25 per barrel.  At the end of 1998 oil traded for $11.  Normal looked like it was a long way off.  But today oil is looking down at normal.  And it only took 15 months to go from $11 to $30."
Ted Slanker
May 2000



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Metals




It seems no self-respecting market mavin would be concerned with metals these days--especially gold.  But I'm a gold nut for sure.  Gold has been money for as long as recorded history has been recording.  Gold is money man can trust.  Gold is a money that is no one else's liability.
For many folks, these sayings favoring gold are akin to digging up a dinosaur.  These same folks probably believe in the tooth fairy and that governments can control man's destiny.  When folks don't understand the fundamentals of life, they are adrift.  Gold is an anchor.  Our modern society doesn't believe in anchors.  That's a shame for sure.
I believe gold is the foundation upon which all credit systems rest.  Gold's purchasing power has remained basically the same for thousands of years.  I expect it will for many more thousands of years.  The reason for that is man needs basic substances (the elements for example) to survive on this planet.  As long as man is around then, he will value basic elements.  Gold is a basic element.  But liabilities issued by man, such as the dollar, are here today and gone tomorrow.  They may have value now, but in time, all irredeemable currencies will fade away.  That's just the way it is.  (In case you haven't kept up with it, the dollar lost 95% of its purchasing power during the twentieth century.  Oh, where did that statistic come from?  Would official government statistics work for you?)
Consequently, I believe that a basic understanding of the workings of money and credit is one of the fundamentals of investing.  That's why I guarantee the gold market will get frequent reviews in The Slanker Report and, while I'm at it, I'll cover some other metals too.

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The Slanker Report is published and edited by Ted Slanker and is for subscriber use only.  The subscription rate is US$49.00 per year via pdf file and basic e-mail instantaneous Internet delivery.  Reference to any specific security mentioned herein does not constitute an offer to buy or sell such security.  The editor, publisher, employees, their associates, controlled companies, and those individuals associated with separate consulting activities may have positions in securities mentioned herein and may make purchases or sales from time to time in such securities.  The Slanker Report contains statements and statistics that have been obtained from sources believed to be reliable but cannot be guaranteed either as to their accuracy or completeness.  Opinions expressed in The Slanker Report are also not guaranteed.  Past performance of recommendations in this letter is not necessarily indicative of future performance.  The Slanker Report is not an investment advisor.  The mini reports on this web site are for the advertisement of The Slanker Report.  No other company or person mentioned in these reports paid or even asked for the mention.  To subscribe click on sign up.  Send questions to info@slankerreport.com.  Copyright 2011 by Slanker Productions.






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