M.Dancer Posted January 20, 2011 Report Posted January 20, 2011 News to drive the tiin foil prices higher.... “In the medium term, we remain cautious on gold until it demonstrates strength against equities, which also pay dividends,” Morris said in an interview. The $2.5 billion fund, which returned 11.7 percent last year, halved gold holdings from 12 percent in the fourth quarter, Morris said by phone from London, confirming a November statement from the fund. The world economy will expand at a 3.3 percent rate this year from 3.9 percent in 2010, the World Bank said last week. Goldman Sachs Group Inc., Wall Street’s most profitable investment bank, said this month that the Standard & Poor’s 500 Index will rally 18 percent to 1,500 by the end of December. Gold has advanced for 10 years and reached a record last month http://www.bloomberg.com/news/2011-01-18/hsbc-global-asset-s-morris-favors-stocks-over-gold-on-recovery.html Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
jbg Posted January 20, 2011 Report Posted January 20, 2011 Many people who are hysterical about the political uncertainty of the day urge investing in gold. I consider it dumb, and risky, even if it has tripled in the last ten years. It pays no dividends, costs money to insure, and I don't want to be subject to the whim and fancy of mentally ill gold bugs. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
dre Posted January 20, 2011 Report Posted January 20, 2011 Many people who are hysterical about the political uncertainty of the day urge investing in gold. I consider it dumb, and risky, even if it has tripled in the last ten years. It pays no dividends, costs money to insure, and I don't want to be subject to the whim and fancy of mentally ill gold bugs. You dont have to buy physical gold to invest in gold. You can also bet on gold by buying shares in mineral/mining companies some of which will pay dividends, and whos stocks are likely to increase if the value of gold does. Quote I question things because I am human. And call no one my father who's no closer than a stranger
jbg Posted January 20, 2011 Report Posted January 20, 2011 You dont have to buy physical gold to invest in gold. You can also bet on gold by buying shares in mineral/mining companies some of which will pay dividends, and whos stocks are likely to increase if the value of gold does. Still I don't want to be subject to the whim and fancy of mentally ill gold bugs. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
M.Dancer Posted January 20, 2011 Author Report Posted January 20, 2011 You dont have to buy physical gold to invest in gold. You can also bet on gold by buying shares in mineral/mining companies some of which will pay dividends, and whos stocks are likely to increase if the value of gold does. True...but that is contigent of the companies finding gold/mining gold...that is by no means a certainty unless you are looking long term at a Goldcorp or Barrick....otherwise there is always bre-X for the extreme risk taker. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
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