October 14, 2010

About 50 Percent Of My Portfolio Is In Gold And Silver Mining Stocks

"Well I think you’d be out of your mind not to own gold. If someone told me the only thing they had was gold, I wouldn’t think they were crazy. I don’t only have gold. About 50 percent of my portfolio is in gold and silver mining stocks. That’s pretty aggressive. About 5 to 10 percent of my liquid net worth is in physical metals. So I’m a lot heavier in the actual mining companies than I am in gold because I think that they are very undervalued."

in www.indexuniverse.com

Related ETFs and Stocks: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), Newmont Mining Corporation (NYSE:NEM), AngloGold Ashanti Limited (ADR) (NYSE:AU), Harmony Gold Mining Co. (ADR) (NYSE:HMY), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), Barrick Gold Corporation (USA) (NYSE:ABX), NovaGold Resources Inc. (USA) (AMEX:NG), iShares Silver Trust (ETF) (NYSE:SLV), Hecla Mining Company (NYSE:HL), Silver Wheaton Corp. (USA) (NYSE:SLW)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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