deuxsous

Safe Haven Investments Amid a Global Crisis

mc²: I've been saying the same thing for ten years, namely that commodities will be going up on a trend basis for the next 15-20 years. They do and will, however, have pullbacks to be bought if one missed the lows or earlier pullbacks. So Mark's repetition is a good and wise thing.

Safe Haven Investments Amid a Global Crisis

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Safe Haven Investments Amid a Global Crisis

Good review! Here's another reason why platinum is a good long term metal to own. Maybe cobalt as well? I know a lot of cobalt comes from Congo/Zaire. Where else?

web.mit.edu/newsoffice...

Kinross Gold Buys Aurelian Resources

Lots of mid sized golds will be buying the smaller fish during the mini-bear of the next year or so. They know that when gold goes above $1500 per tr oz everyone's aunt Nelly will be buying the pennies and other laggards, so they'd better do it while gold is down

American Express Calls Investment Banks' Bluff

I think many do not know that American Express classic card holders MUST pay their charges each month, and do. They have been trying to convince me after over 40 years with them to sign up for one of their "defaultable" credit charge cards so I can spend hundreds of dollars of interest in addition to normal merchants' charges they get. They are apparently not clear on the concept of their own cards and clients.

I knew they must be hurting because I am recently getting at least five emails and three post mailings a day for some new schemes I don't want or need.

Some friends tell me Amexco are cutting monthly charge limits on some of their BIG business clients who have always paid on time. It looks like we'll all have to start getting cash at the bank like in the olde dayz and carry a Glock! jeeeeeziz...

A Look at the Gold and Silver ETFs (Part I)

Most banks have a safe room and can even escrow exchanges like that. They do it for jewelry examinations and sales. That might be safer than a parking lot.

A Look at the Gold and Silver ETFs (Part I)

enviro111:

Good point about selling options on GLD. As you clearly know, this is how long term gold owners cover their expenses and generate some income on their gold. I made a good bit of money during the long bear market selling call options to the ever hopeful. The GLD listing makes it much easier to do that these days, as you are doing.

The Best Safe-Haven Investments, and Some Potential Threats

""When it comes to primary palladium producers, there are only these two hidden gems." (PAL and SWC)
Why not mention the "secondary" Palladium producer and SWC owner, Norilsk Nickel?"

Or the primary platinum producers like Anglo Plats and LonMin?

Oil, Gold and the Holy Dow

i've owned gold a long, long time, but i sure don't understand the goldbug holy roller religion of CB manipulation and other assorted conspiracy theories.

hey, girls, it's just portfolio insurance! add gold to your list of insurance policies a rational person needs and forget about it.

Using Gold to Protect a Portfolio

ussmls7,

He may have meant had you bought gold at the $850 high in 1980. He wrote this article and it appeared at his own web site a few weeks ago. Gold was selling as low as 860 basis nearest futures on June 12, so 860/850 was a bit over 1% higher than the high in 1980.

I don't personally like paper gold either except for short term speculation/hedging.

Using Gold to Protect a Portfolio

LarryH, Good idea. Gold of course has had and will have bear markets too, but during those times, interest rates fall from initial high rates so bonds will have capital gains.

I'm retired and generate income from investments to live on. Quite conincidentally and independently of Keith Fitz-Gerald, I have had what is now ~9.5% of total invested funds in physical gold for the past ten years, and it works. I have other inflation beneficiary investments too, but 80% is in fixed income.

Most people who love gold these days are short term speculators, and there is nothing at all wrong with that, but Keith's point (and mine and yours) is that gold also works for conservative investors.

Using Gold to Protect a Portfolio

A rare and reasonable approach. Gold for income protection or insurance.

Gold has, however, increased in value (annualized) at about 5.5% per year since 1946 while the US CPI since 1946 has risen about 3.5% per year on average. As you say it is the long run where gold matters in a portfolio.

ASA Limited: A Golden Opportunity

Two other comments on ASA:

1. It is one of the most tax-efficient funds of the past ten years, meaning that very little tax has had to be paid on it relative to returns. Thus there is no real need at all to hold it in a tax-deferred fund, compared to CEF which is taxed as a "collectable" at highest US income tax rates.
See Morningstar: quicktake.morningstar....

2. Those of us who have been gold investors since the 1960's remember ASA fondly as an old friend and one of the few legal ways one could get off-shore gold exposure in the 1960's and 1970's. They were the pioneers and have performed well for 50 years.

ASA Limited: A Golden Opportunity

ASA has outperformed CEF both on a price only and on a total return basis (with dividends reinvested) over both the last ten and twenty years.

Common Misconceptions About the Fed and Gold

Save all the BS about the FED and the US dollar. Gold goes up in inflationary times which typically last 20-30 years. We're just ten years into it. I suspect we will have another big pullback before long which, of course, no one will buy since they only get excited when it goes up.....:))))