Same could be said for all commodities. The guy that put me on to managing my own money converted all of his RRSP's to gold about 12 years ago.
He dumped all of his gold about 2 years ago and is now happily retired.
RRSP's are the biggest rip off there is ! The only ones making money are the guys that are selling them to you.
Open yourself a TD waterhouse account and watch BNN.
There are some excellent opportunities in the energy sector right now.
I bought Ford @ $2.18 in 2008 and sold it last year for $17.00 (this was a huge gamble and I don't recommend you try this one but I had a little inside info on this one )
Here are a couple of my acquisition from this week
(Excellent companies with strong balance sheets and they are on sale right now !!!! )
PD.TO
RRX.TO
PPL.TO
Your best bet would be to get a pin# from your father in law, it will save you more than a couple of grand. I got my brother in Law an A plan # and it saved him over 8K...also get yourself a Costco membership and that will knock another $1000 off the price. Shop around you will be surprised how much some dealerships will give you for a trade in. The price they knock off for your trade in also cancels out that much more in the tax you pay.
From what I have heard, our government is monitoring around 90 of these so called radicals.
Why monitor them? I for one would be willing to throw in a few bucks for a one way ticket...once they are there, they are fare game!
Problem Solved!