iShares COMEX Gold Trust (ETF) (IAU)

Ludraman1 (< 20) Submitted: 9/11/07 6:24 PM

Recs: 0 | Rec This

Equities SHOULD cover inflation. Most of us agree. But you dont' put all your money in one stock; you don't bet your life savings on one horse (or horse racing in general) or on one lottery ticket.

Gold will drag you down when times are good for shares and it will pull you up when shares are down.

In keeps you sane when at the end of the year, you are looking back at your portfolios success/failure.

Also it is a way to play a few other things e.g. falling dollar, developing economic power in other parts of the world (who want to put their money into something safe that isn't denomited in dollars.

Report this Post Reply

joelbow7 (24.66) Submitted: 2/08/08 4:48 PM

Recs: 0 | Rec This

Gold retains value as the Governments of the world devalue all the fiat currencies. The US government just created another $160 billion with their ill conceived "stimulus" scheme. The stock markets are now tanking due to credit issues and recession. Perhaps you should re-assess your position?

Report this Post Reply

TheParadox (94.82) Submitted: 5/12/08 3:28 PM

Recs: 0 | Rec This

I couldn't agree more.. this is a prove fact. But a better play might have been to wait and see how far the dollar (or equities for that matter) sink, and when you can gauge gold at a relatively high value, then play the thumbs down...

Or holding this position for a few years, if you intend on doing that in caps and bear the burden of a shrinking score for a period... this will prove you disapproval quite well in a long run.

Most economist believe that we are in store for a commodities boom... and while it might not be wise to end this pick (or just being stubborn, and not admitting defeat), stock (the equities) that produce gold might do fairly well in todays market... Consider some research on the prospect of gold producers.

Report this Post Reply