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The 3 Best Waysto Invest inGOLD

Special Report

2010 Casey Research

A special report by Jeff Clark, Editor of Caseys Gold andResource Report


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Te 3 Best Ways to Invest in Gold Caseys Gold and Resource Report- Special Repo

Is It Too Late to Invest in Gold?

No! While gold has had a good run, our research showsthat whats ahead will be, quite frankly, spectacular. By positioning yourself now, youll be in ahead of the crowd and will profit tremendously as the greater masses rushin.

A Think about this: the four-digit gold price weve seenso far is with no price inflation to speak of, no effects of the atrocious increase in the money supply, and despitea rising dollar. What happens to gold when each of those

pictures gets turned upside down high inflation, excesscash jolting the economy, and a falling dollar? After all,golds performance to date has been powered only by general anxiety, not by any visible erosion in the dollars value.

Heres why we think its not too late.

1.Gold is an inflation hedge.First, while everyone

worries about deflation, we wholeheartedly believe

its not here to stay. As the Fed continues crankingup the printing presses, flooding the economy withpaper money, and as national debt skyrockets atunprecedented rates, there is no question that soonerlater (we think sooner), inflation will come roaring b with a vengeance.

And given the current worries about deflation, itseasy to dismiss the case for inflation and many do.Thats a mistake. Theres no doubt that the currentadministration and Federal Reserve are committed to

printing enough money that the dollar will continue be devalued. And gold is the #1 way to protect yourfrom the results of their actions.

2.Gold is a dollar hedge. While the dollar is bouncingas we write, keep in mind that were still only in thechapter of its crisis. At some point, the dollar will noable to withstand the pressures mounting against it fr




negative real interest rates and the debasing from all thegovernment bailouts, debts, and money printing.

Gold has moved higher against the U.S. dollar every yearsince 2000, and its done even better against euros, Swissfrancs, Canadian dollars, or British pounds. Thats asolid, unbroken, global bull market.

A Think about this: Unlike paper money, which has lost96% of its purchasing power since the inception of theFederal Reserve in 1913, golds purchasing power hasessentially stayed the same.

Imagine that in 1930, when the average monthly wage was $165 and gold sold for $21 an ounce, you hadhidden a one-ounce coin under your mattress. Back then, that coin would have bought you a good-quality suit. And lets say your neighbor stashed the sameamount of money away $21 in one-dollar bills. Fastforward to today: that one ounce of gold will still buy

you a nice suit. Your neighbor, on the other hand, wohave a hard time finding even a decent necktie for hmoney.

At some point, it might well be cheaper to use yourdepreciated paper money as toilet paper than to buy actual bathroom tissue with it. When, not if, thatsituation occurs, gold will take the proverbial moon that weve been talking about for years.

3.Gold is money.Throughout recorded history, goldhas been an accepted means of exchange worldwide

fulfills the four criteria for money: its divisible, pordurable, and limited in supply (in the era of BenHelicopter Bernanke, the fourth criterion technicadisqualifies dollar bills as money).

Even though its price is subject to fluctuation, gold hnever been worth zero. And if times get truly desper




such as the Greater Depression Doug Casey has beenpredicting for years a pocketful of gold coins wouldhold much greater value than a pocketful of dollar bills.

Were not the only ones who think so... Legendary hedge fund manager John Paulson made gold his largestposition, increasing his holdings to 3.8 million ounces,more than several major countries combined. AndMichael Pento, chief economist at Delta Global AdvisorsInc, announced that the firm is doubling its goldholdings to 8%, adding that Anything the governmentcannot replicate by decree, I want to own. Thereare a growing number of voices expressing the samesentiment.

When Will Gold Take Off? While no one knows for certain when gold will makea dramatic move, the historical record indicates that asurge in money growth has its peak effect on economicactivity about 9 to 18 months later. Add another 12months or so for the peak effect on consumer priceinflation. In other words, the Federal Reserve is alwaysdriving with a loose steering wheel. Most of theexperience behind those numbers is with relatively tameups and downs in the business cycle not the kind of

financial violence weve been seeing lately which addsanother variable. And on top of that, the numbers areabout peak effect, not initial effect.

So while pinpointing the exact timing is difficult, what we do know is that there are clear and unavoidableconsequences to wildly energetic money creation,including, sooner or later, rampant price inflation.

Are there signals? The primary sign wont be inflowsto ETFs (although they are indicators), or jewelry sales

(the 70s bull market had nothing to do with bracelets),or even sales of physical bullion (we had that in 08 andgold was up 5.5%, hardly meteoric). No, the payday risein gold will occur when there is a significant shift in thepsychology of the general public.

And that shift is already starting to appear: According tothe World Gold Council, investment demand for goldrose an incredible 105% in 2009. All one-ounce gold

coins were suspended by the U.S. Mint in December2009, due to supply not keeping up with demand (nothe first time that happened). And hedge funds, too, showing interest: Greenlight Capital, Eton Park, andPequot all have GLD as one of their top 3 holdings.

Before the gold rocket takes off, lets look at the 3 be ways to invest in gold so youre positioned ahead ofcrowd.

BEST WAY #1: Physical Gold

Given the state of the global economy and thegovernment continuing to administer large doses of wrong medicine, we first recommend all investors pup to one-third of their investments in gold bullion acoins. We dont mean one-third of your gold portfoli we mean one-third of all your liquid assets. Soundsextreme, we know. But even if the global economy remains in a deflationary dip and gold struggles for while, gold remains the safe harbor during the uphe

Remember, its not simply a question of inflationor deflation; its crisis. And thats exactly what goldownership is for. Bernanke and Geithner wont berewriting history; theyll be part of it. Nothing repla

having physical gold in your possession and under ycontrol.

Of course, making a commitment to stockpile goldcoins and small bars is of no value if you cant obtaithem. That was the dilemma faced at times by manyinvestors last year, as a worldwide shortage developeand premiums charged by dealers soared. As part ofmandate to keep our finger on the pulse of the marke we were able to find gold bullion with reasonablepremiums and delivery times. Our subscribers were

able to steadily accumulate gold in 2009, in spite of supply crunch. And they were able to do so at premiof 5-6%, while others were paying up to 10% over spurchase from dealers or on eBay.




Where to Buy Physical Gold

If you know an honest, reputable coin dealer in yourarea, thats a good place to start for smaller purchases.Our editors buy their gold either with a local dealer oronline, but either way, its important to find a reputabledealer... as in every line of business, theres no shortage of crooks here.

In our experience, the best places to buy physical goldare:

1. Kitco.com(1-877-775-4826 in North America). With offices in both Montreal and New York,Kitco is our first online choice. Kitco has one-stopshopping for the more popular precious metalsproducts, and at reasonable premiums. Shipping is aflat $30 for the U.S. and Canada, and insurance is $4per $1,000/gold and $24 per $1,000/silver.

2.assetstrategies.com (1-800-831-0007 in North America). Asset Strategies International in Marylandcarries a full range of one-ounce bullion coins.Shipping depends on the value and weight of thepackage, but a fair range is $25 to $35 for a smallorder, including insurance. ASI also offers the optionof storing gold outside the U.S.

3.thecoinagent.com(1-888-494-8889, or [email protected]). Proprietor WayneLemonier has some of the lowest costs weve seenin the industry: currently 5.5% above spot for mostcoins (6% for Eagles), and shipping and insuranceare a flat $20 (silver is charged by weight).

4. bordergold.com; 888-312-2288, ext. 7). BorderGold in Vancouver, B.C., is where we go for theCanadian Maple Leaf. Border Gold can ship Maple

Leafs (fewer than 10) to both Canada and the U.S.Premiums are only 5.5%. Shipping and insuranceare only $25 for one or two coins, so total costs likely beat your local coin shop.

Premiums and delivery times will fluctuate accordingto market conditions, so double check on these whencalling.

There are other online stores out there, and some mahave good prices, too. The things to watch for are totcosts (for gold bullion you should expect to pay 5%to 6.5% over spot, which is why we dont use the U.Mint) and availability (if they claim it will be severa weeks to locate the product, we wouldnt buy ther We also know some sites will try to talk you into othproducts, so beware of the hard sell. We havent had experience with our recommended dealers.

Where do you store your gold? There isnt a magic bfor safe-keeping, as each form has its own risks. Phygold is subject to theft; paper gold is subject to fraudThe most prudent approach is to own more than oneform of gold, in more than one location, with an edgtoward physical ownership. Weve prepared an in-dereport that outlines your options here.

Gold Pool AccountsThese are exactly what they sound like, accounts thakeep track of your personal gold ownership but storeactual bullion in a vault somewhere, in pooled forThat means your gold is part of a centralized stash, a with that of any number of other customers.

Pooled gold accounts may be convenient for thoseinvestors who arent overly concerned with the toufactor in metals investing, or who wish to ownquantities sufficiently large that delivery and privatestorage become impractical.

Allocated vs. Unallocated

Allocated gold is a specific lot of bullion that has yoname on it. Unallocated gold is an amorphous pile ostuff, no part of which belongs to any particular pers

yours is merely in there somewhere.In either case, the vault is always supposed to have ato enough gold to fully cover a forced liquidation. Thall well and good, but it seems to us that it would beeasier to cheat on unallocated than on allocated goldalso be more tempting to lend out some of the formein fact, some institutions specifically reserve the righdo this. So allocated gold is definitely more secure.
http://www.kitco.com/http://www.kitco.com/http://www.assetstrategies.com/http://www.thecoinagent.com/http://www.bordergold.com/http://caseyresearch.com/pdfs/20090529_0905Switzerland_BG146.pdfhttp://caseyresearch.com/pdfs/20090529_0905Switzerland_BG146.pdfhttp://caseyresearch.com/pdfs/20090529_0905Switzerland_BG146.pdfhttp://caseyresearch.com/pdfs/20090529_0905Switzerland_BG146.pdfhttp://www.bordergold.com/http://www.thecoinagent.com/http://www.assetstrategies.com/http://www.kitco.com/




The trade-off between the two types is that you will pay more for the additional security of allocated gold, inthe form of a high annual storage fee. Most unallocatedpools store the metal for no or low cost.

Where to Find Them

Many different organizations are offering pooled goldaccounts at this time, with the number likely to grow asthe bull market picks up speed.

Once youve concluded that this kind of investmentis for you, your next decision is whom to trust for thepurchase and storage. Youre looking for a firm thatsreliable, experienced, with an unmarred track record.The last thing you need is to get involved with some fly- by-nighter whose only actual asset is a website. If youcome across a deal that sounds too good to be true, itprobably is.

As a guideline, here are some reputable purveyors of pooled gold accounts were familiar with.

EverBank EverBanks Metals Select accounts areavailable in either Holding Accounts (allocated) orPooled Accounts (unallocated). Gold is offered by theounce, in bars or coins. There is a minimum deposit

of $5,000 for a pooled account, $7,500 for a holdingaccount. The trading fee is approximately 1% abovethe spot price of gold when you buy or sell. There areno management, insurance or storage fees for pooledaccounts, but a 1.5% storage fee for holding accounts. You may take delivery of metal, but only from a holdingaccount. If you have a pooled account, it must first beconverted to a holding account if you want the gold, anda fabrication fee is charged for the conversion. There isalso a delivery fee, and both are based on market prices.Call 800-926-4922 or go tohttp://www.everbank.

com/001Metals.aspx .Kitco Kitco does not store allocated metal, but willarrange with HSBC New York to store your allocatedgold there, subject to HSBCs storage fees. Kitcospooled (unallocated) account has no storage fee andno minimum. Pooled gold can be converted to metalfor a premium, plus shipping and handling fees. Thepremium ranges from $17 to $112/ounce depending

on the kind of coin or bar. Call 1-877-775-4826 or ghttps://online.kitco.com/sellprice/selling_pools.html.

GoldMoney While GoldMoney is an electronic goservice, it also offers allocated gold and silver storedin an offsite vault outside of London, England. It doenot deal in unallocated metal. There is no minimum,and purchases can be made in amounts as small as ogram. There is no storage fee for gold; an account feis charged, fixed at the value of 1/10 of a gram of goper month, regardless of the size of your holding. Mis stored only in bar form, and customers can only taphysical delivery of 400 oz. bars, subject to deliveryPhone: United Kingdom +44-1534-760-133 or go tohttp://www.goldmoney.com.

BullionVault This London-based facility stores onlallocated metal in bar form, in an offsite vault throug Via Mat. BullionVault is primarily designed as a vehfor buying and selling; it also delivers only 400 oz. bsubject to fees. Purchases can be made in any size, frone gram up. Trading fee is typically 0.4% from spo with a maximum commission of 0.8%, falling to 0.0for dollar amounts above $30,000. There is a custodcharge of 0.12% per annum. Customers buy or sell galready in the vault, allowing them the possibility ofmaking their own bids and asks. See www.bullionvault.

comor call London at +44 (0)208 6000 130.Perth Mint Certificates This is the only governmen backed bullion storage program, vaulted and insuredthe state of Western Australia. They store both allocaand unallocated metal. There is a US$10,000 miniminitial purchase. No storage fee for unallocated meta1.5% per annum for allocated. There is a one-time$50 certificate fee. In allocated form, you can purchaspecific coins or bars from 12 oz. up. Trading fee is 1% on the buy, 0.5% on the sell. Very safe, and a tidy

to put some of your wealth outside the U.S. See www.perthmint.comor buy through Kitco or Asset Strategi

Risks

Pooled gold accounts are pretty secure, provided tha you are dealing with reputable people.
http://www.everbank.com/001Metals.aspxhttp://www.everbank.com/001Metals.aspxhttp://www.bullionvault.com/http://www.bullionvault.com/http://www.perthmint.com/http://www.perthmint.com/http://www.perthmint.com/http://www.perthmint.com/http://www.bullionvault.com/http://www.bullionvault.com/http://www.everbank.com/001Metals.aspxhttp://www.everbank.com/001Metals.aspx




What about defaults: have there ever been any? Well, yesand no. The past is littered with unscrupulous bulliondealers who sold people gold, promising to hold it forthem, and then skipped out with both the cash and themetal, if in fact there was any to begin with.

On the other hand, we were unable to turn up any instances of reputable certificate programs in whichaccount holders lost their gold. Again, it matters whom you do business with. One good way to maximize safety is to be certain the people selling you the gold are usinga disinterested third party to store it for you. If youre notsure, ask.

All things considered, we still have a preference for thepersonal physical possession of gold. But once you havea sufficient amount in your personal possession say,enough to get through six months in an emergency pooled gold accounts offer an attractive alternative forholding unleveraged gold at reasonable prices.

BEST WAY #2: Paper Gold

While there is no substitute for having physical goldunder your immediate control, holding paper proxies forthe metal can be a useful portfolio supplement. In recent

years, the market has responded to burgeoning demandfor convenient ways to trade commodities by creatinga galaxy of exchange-traded funds (ETFs). These aredesigned to mirror the ups and downs of the underlyingcommodity and can be bought and sold like a stock.

1. The largest and most popular gold ETF, SPDR GoldShares (GLD) buys and holds gold bullion in a secureLondon vault, with each share trading at approximately 1/10 the price of an ounce of gold on the spot market.GLD did a very good job of following golds lead in

2009, posting a gain for the year that was only slightly below that of the metal itself. GLD is a core holding inthe portfolio of our monthly newsletter, and it representsa simple, effective way of extracting some paper profitsfrom golds bull run.

2. Want a fund with both gold and silver? Central Fundof Canada (CEF) is a closed-end fund thats made up of 55% gold and 42% silver. The major difference between

it and ETFs is that ETFs are structured to keep the shprice very close to net asset value (NAV). Not so wiclosed-end fund, which responds much more strongto market sentiment about the fund itself. This meanthat shares in a gold-based, closed-end fund can trada steep discount to NAV or at a premium. Over tim while CEF rises and falls in tandem with gold, those buy at a discount and sell at a premium will get an akicker. And those who do the opposite will get kickTo watch for the best entry point, visit the CEF websfrom time to time, at http://www.centralfund.com anclick on Net Asset Value. The figure is updated da

3. Perth Mint Certificates (PMCs), as mentioned aboare a form of paper gold. The additional advantage aPMC provides over the ETFs is that it gives you instinternational diversification. The disadvantage is thadoesnt trade like a stock, as theyre designed for molong-term holdings.

BEST WAY #3:The Right Gold StocksGold stocks are a leveraged way to play a rising goldprice. You might look at gold as your defense and gostocks as your offense. When the gold price really h

up, gold stocks will rise exponentially more. It is thi volatility that will bring us what we believe will be changing profits.

One bit of caution, though: with this added leveragecomes added risk. Gold stocks exhibit greater volatithan gold in both directions. This has two implicatio

Our company recommendations should not be viewed as family heirlooms you can hold into olor leave to your children. At some point we will

selling our stock positions to lock in big gains. We recommend you avoid trading. You may readothers who recommend this, but trading, in ouropinion, is not a prudent way to capture the biggains. Keep in mind that you must be right twicemake one profitable trade; you must correctly timthe bottom and correctly time the top to capture again. A wrong call on one of those can keep you




profiting. And worse what if you get caught on thesidelines and they take off without you?

Our best advice on how to buy a gold stock can besummed up in three words.

Buy. Hold. Repeat.Buy when prices drop and give you attractive entry points. Gold stocks wont go up in a straight line, and when those inevitable pullbacks come, you are beinggiven the opportunity to initiate or add to positionsat great prices. Thats what theCaseys Gold andResource Reporteditors do.

Hold, meaning dont trade it, time it, or run the risk of getting caught on the sidelines with stocks taking off.Plus, you get to sleep better at night than those who try their hand at timing.

And Repeat until the rest of civilization joins us andpushes our prices much higher. By following this simplestrategy, one can accumulate substantial positions overtime at good prices.

In fact, Doug Casey has often said that his success as an

investor has come down to one key factor: being able torecognize the difference between somethings price andits value. Whenever theres a large discrepancy betweenthese two, in any form of investment, its an opportunity to profit.

Why Gold Stocks Are GatheringStrengthInvestors are becoming increasingly antsy to find aplace to put their money that doesnt lead to the kind

of negative returns that are inevitable for stocks, bonds,houses, and Alex Rodriguez autographed bats, for theforeseeable future. Once inflation begins to ramp up,there will even be a widespread questioning of the valueof currency itself. People will turn to historys premiersafe haven, gold. As we said before, gold is money whennothing else is.

One of the criteria that make gold suitable as money is

limited supply. And although world gold productionrose slightly in 2009, it is still below its 2001 peak. Athe eight largest gold-producing countries in the worsix have declining production and thus bring fewer afewer ounces to the market every year.

Further, the World Mining Congress reported somealarming statistics last year:

Based on historic averages, 75% of all discoveregold has been mined.

In spite of massive increases in exploration spennew discoveries are declining.

The traditional search space for gold is depleting

Newer mines are being found in more technicallychallenging and politically risky areas.

Make no mistake: a decrease in global gold producti will underpin the bull market for years.

At the same time, demand is skyrocketing. Central b were net buyers of gold in 2009, the first time thatshappened in 22 years. And 20 out of 22 fund managinterviewed last year bought physical gold for perso

investment because they fear quantitative easingprograms may lead to inflation. In other words, not oare they buying gold in their funds, theyre stashingsome at home.

Another fundamental factor developing is the spread between energy costs the largest single expense foa mining company and the rising price of gold. Wirelatively low oil prices right now, the positive effecof cheaper energy and a higher realized gold price w begin to show up on miners balance sheets. We exp

2010 to be a very good year in this regard.Despite the insatiable world appetite for the yellow metal, the companies that produce the stuff have not been appropriately rewarded. Their stock prices remrelatively inexpensive.

That will change. As gold moves steadily higher, gostocks will start to catch up. When the investing pub




comes around to recognizing gold as an uncertainty hedge, as our EverBank friend and Daily Pfennig authorChuck Butler calls it, major gold mining stocks are nextin line to take off after the physical metal... which willgive early birds a definite edge over the latecomers to thegame.

Big, institutional investors are usually the first at thetrough. The move towards gold majors has already started, as recently reported by Bloomberg: StevenLehman, the Federated Investors Inc. fund manager who beat 99 percent of his peers last year, is betting on bullion with Toronto-based Yamana Gold Inc. and GoldcorpInc. And this is just the beginning.

The stocks that prosper the most will be those producersthat are best at combining growing revenue streams witheffective cost controls and properties in areas wheremining activity is welcomed.

Mr. Conservatives ApproachThe easiest, simplest, and most conservative way to profit with gold stocks is to buy into a gold stock mutual fund that has a low expense ratio. While thereare thousands of mutual funds, there are only a couple

dozen gold stock funds, and not all make a goodinvestment, in our opinion.

Caseys Gold and Resource Report recommendsthe best in the industry, run by experienced resourceprofessional Frank Holmes. He was Mining JournalsMining Fund Manager of the Year for 2006, and twoof his funds, World Precious Minerals Fund (UNWPX)and Global Resources Fund (PSPFX), received LipperFund Awards for being the top funds in their respectivecategories for both 2007 and 2008.

Our gold stock fund picks:

1. U.S. Global Investors Gold and Precious Metals Fund(USERX) invests in producers only (no juniors), andthe annual expense ratio is 1.5%.

2. U.S. Global Investors World Precious Minerals(UNWPX) has 20% of its investments in junior mining

and the remaining 80% in producers. It thus has morrisk as well as more reward. UNWPX has an annualexpense ratio of 1.5%.

There is a second conservative way to buy gold stocthat most of the investing public is not yet aware of: royalty companies. These are the least risky gold sto because they buy a fixed percentage interest in a mingross production and let the mining company do thedirty work. In other words, they profit as gold is minand the price rises, but they have no risks to producttroubles or rising costs. Theyre conservative but dmistake this to mean they wont be profitable: royaltcompany Royal Gold was our top performer in 2008and silver streamer Silver Wheaton topped our 2009portfolio. And when gold (and silver) take off again,profit margins of these companies will soar.

Our Secret to Picking Gold Stocks When it comes to picking gold stocks, Caseys GoldResource Report seeks out the most undervalued anmakes them long-term holdings. We do it by analyzithe standard metrics: P/E ratios, revenue growth, macapitalization (or market cap), and debt/equity. That lone is particularly important; if a company is carryin

too much debt and has to refinance to fund operationits not likely to raise the cash on very favorable term

But there are other factors unique to our sector that m be considered. We know demand is raging and suppdwindling, so we look closely at what proven reservcompany has in the ground, how quickly theyll be to get them out, and at what cost. Once we know thican calculate a net asset value for each miner that enus to compare it to its peers.

And this net asset value, put through our proprietarymathematical model, allows us to assign each compaa number we call the Valuation Ratio (VR). A VR of1.0 denotes a company of average value, so the farthcompanys VR falls below 1.0, the more undervalueis. Conversely, companies over 1.0 would be overvaOur valuation ratio is updated every 30 minutes duritrading hours.
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And you as a subscriber can follow the VR of thesecompanies at any time, by simply logging on to theCaseys Gold and Resource Report portfolio page of Casey Research and clicking on the tab, Valuation Ratiofor Largest Gold Miners. Stock prices and VRs areupdated every 30 minutes (at :12 and :42 past the hour).

After taking into consideration a gold (or silver) miners VR, along with the standard metrics, we then plug inthe intangibles, asking questions like: Are the companysmines in politically stable areas? How is managementsexperience? Are the local governments supportive? Andso on. The answer to some of these questions explains why we dont recommend some of the largest goldmining companies, despite having low VRs.

In the end, we arrive at a list of what we believe are the best of the best.

Gold Stock RecommendationsThere are different sizes of gold producers, each with itsown level of risk and reward. Heres the breakdown andthe companies we currently recommend:

Major Producers.These companies have multiple

deposits, usually in multiple countries, and areconsidered majors because of the size of their reservesand market cap. Generally, a major produces over 1million ounces of gold per year.

In our portfolio, this includes Barrick Gold, known asthe 800-pound gorilla of the gold mining industry sincetheyre the largest producer in the world. Kinross Gold,the aggressive kid on the block, and Lihir Gold, our Australian connection, produce 2 million and 1 millionounces per year, respectively.

Mid-Tier (or Intermediate) Producers. A mid-tiercompany produces 60,000 to 1 million ounces of goldper year. Risk varies from company to company. Perhapsmore so than the majors, their profitability is closely tiedto the price of gold; as gold rises, these companies willshow exponentially greater profits.

Our mid-tier producers include Agnico-Eagle MinesRandgold, Yamana Gold, and Eldorado Gold (whohappens to be the largest gold producer in China).

Small Producers.These are companies that are either just starting to produce or have smaller operations.They tend to have higher risk because they may lackdiversification and are thus vulnerable if they experia problem with their primary project. Yet, they tend see the highest growth profile, and as they add reseror other properties, the market will typically revalue business and reprice its stock upward. More risk, bumore upside.

Minefinders began production on its Dolores projectin Mexico last year and is already turning a profit.Silver Standard has more silver in the ground than ancompany in the world and just started production in 2009. With 15 primary projects, theyll be producinfor decades. Silvercorp is the largest silver producer China, a well-run company with a strong balance sh

To check the current status of our recommendedstocks, see the portfolio page on our website.

The present market is a challenging one, no doubt abit. But crisis and opportunity are as tightly bound as

and value. There are ways to profit in even in the mouncertain of times. If you seek out those opportuniti you can find them. Personally, we expect 2010 and beyond to provide a profitable return for both goldthe companies that most efficiently mine it.


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The Casey Research web site & Kitco Casey web site, Caseys Investment Alert, Caseys InternationalSpeculator, Caseys Gold & Resource Report, Caseys Energy Con dential, Caseys Energy Report,Caseys Energy Opportunities, Caseys Trend Trader, The Casey Report, Caseys Extraordinary Technology,Conversations With Casey, and Caseys Daily Dispatch are published by Casey Research, LLC. Informationcontained in such publications is obtained from sources believed to be reliable, but its accuracy cannot be

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1247681436-3BestWaystoInvestinGoldCGR