Chapter 14
All That Glitters: Gold, Silver, and Other Commodities
In This Chapter
Looking at commodities in Canada
Panning for gold
Digging for silver
Drilling for oil (or not)
Taking a broader approach to commodity investing
Investing in commodity-related stocks instead of pure commodity plays
One of Russell’s childhood passions was collecting coins from around the world. Sometime during the Johnson administration, on his meagre allowance of $1 a week, he saved up for three months or so to buy himself a gold coin: an uncirculated 1923 50-kurush piece from Turkey. Maybe you can remember getting a shiny new bicycle for Christmas when you were 5 or 6. Maybe, like Citizen Kane, you remember getting your first sled. His most prized possession from childhood was that gold coin, smaller than a dime but absolutely gorgeous.
He still has it.
Most coin-collecting kids don’t think of their ...
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