Current Shamrock Missive

From the Publisher's Desk
April 2016

"Make new friends, but keep the old; Those are silver, these are gold."
- Joseph Parry

The end is nigh?

We've been receiving a good deal of email of late from readers who tell us other newsletters are saying the dollar is dying and the dollar collapse is imminent; that gold will skyrocket to US$4,000 an ounce, et cetera and so on.

First most, but not all, such newsletters are pitching a product or service to sell you something, e.g. an expensive newsletter subscription, gold, silver, or whatever product or service they are promoting.

Whilst the dollar continues its slow slide into worthlessness, IMO the dollar is not about to tank and collapse, at least not in the near future, with the end of the world upon us anytime soon! In the unlikely event it occur, what or which currencies are going to replace the dollar? Point made.

As to gold we have been saying for decades now that gold and silver is something everyone should have in their financial portfolio. 93 year old Harry Schultz [see http://www.marketwatch.com/story/harry-schultz-la...] has been saying for more than 40 years that gold will hit and surpass $4,000 an ounce. We hope Schultz lives long enough to see his life long goal of gold reaching $4,000 per ounce come true.

At the end of the day, never place all ones eggs in a single basket. Diversify your assets, and whilst holding gold, silver and other commodities, ready cash is also advised, albeit in several different currencies and denominations.

See you next missive.

PT Shamrock

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- Edmund Burke, 1784

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