Should I buy BOTH silver and gold?
"I own both GLD and SLV (I've recommended both many times before) and I'm only interested in buying more. We're in a once-in-a-lifetime bull market in precious metals. Somewhere ahead the third or speculative phase will take over. The US public is just beginning to be aware of gold and silver. This will change to active interest as the weeks and months go by, and possibly even a bit of cautious buying by the public in coming months. This too will change as the metals work higher. In due time this same public will become frantic to buy both gold and silver.
Since the year 2000 gold has appreciated at an annualized total return of 14% a year. Somehow this extraordinary rate of increase has not yet sunk into the consciousness of the public. My veteran subscribers remember the expression -- 'There's no fever like gold fever.' The fever for gold opened up California and the American West. Back in the 1840s men left their families and loved ones and headed West in the hope of finding gold. That was a classic case of gold fever. Those of us who lived through the days of 1978 to 1980 got a taste of gold fever.
Somewhere ahead we will experience gold fever again. But at that time, the fever will be far greater than the fever of 1979-1980. Fortunes will be made. But the basis for those fortunes are being laid now."