10.16.2008

Who says gold doesn't yield?

One of the principal complaints of the gold haters is that gold doesn't yield anything.

Well, take a look at the GDX gold miners index ETF. It's at 22, an all-time low, and the gold mining stocks are immensely profitable right now. What's more, the index yields over 3% in dividends.

If you haven't joined the gold crowd yet, the GDX is an epic opportunity. I added more today.

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Inflation is always and everywhere a progressive phenomenon

Excerpt from a text conversation with a young "democratic socialist": DS: Every time the US has become progressive, the right wi...