Doug French thinks so after the relatively turn out at this year's Hard Assets Investment Conference at Mandalay Bay in Las Vegas.
He reviews the whole two-day event, freely admits some of the big names of the past weren't at this year's conference (Jim Grant was a previous keynote speaker, for example), and gives this cautionary advice to anyone thinking about putting money in this particular game:
All should remember that resource stock investing is not for the faint of heart. As James Dines quipped, “If you want to double your money with no risk, fold your cash in half, and put it back in your pocket.”
What a great line. I chuckled to myself when reading it the first time. I may or may not make money with gold and other hard assets over time -- you know I don't currently own any of them -- but we can all profit by remembering Dines' words as reported by Doug French.
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