Your Goal in 2011: As Ridiculous as it Sounds, Buy a Property
To all our American readers, may you have a happy, safe and fun-filled "golden" Thanksgiving.
Why would we put the word "golden" in there?
Because the price of gold is up 26% so far this year...with many gold stocks having gone up in excess of 100% in 2010. For gold bugs like us, who have been bullish on gold since 2002, this is truly a golden Thanksgiving.
The good times must be back.
Porsche SE, the luxury sports car maker, announced this morning that its profit went up sevenfold in its first fiscal quarter ended October 31, 2010. Porsche reported a profit of 526 million dollars in the quarter on a 63% increase in car deliveries. (Interestingly, one-third of Porsche’s car deliveries in its last quarter were made in its home-base, Germany.)