virilio

Gold Stocks and the 1934 World Series: Swing!

yeah this article SUCKS. ESPECIALLY the 'pay me subscriber money and I'll let you in on the big secret of which gold stock will go up...'

So without asking for a subscription I'll say for those who care to own gold a (relatively) safe way is FSAGX, a gold mutual fund who's performance knocks the socks off physical ownership or individual gold stocks. After all ... if they pay you for a stock ticker off a 1-day unlabeled graph they're naive investors and probably shouldn't be in such a volatile sector.

caveat emptor: tiny foreign gold companies are notorious for salting their fields to make it seem they have value.

I am not against gambling a bit: 60% of my portfolio for last year was when I bought into GLD January 07 when Gold briefly touched 603.50/oz. Made a helluva lot more sense to me than buying into a gold company that might or might not have a good gold mine.
I sold in late Nov 07, figured it was up enough of a % to pull out completely. unfortunately it kept going up and I felt bad at not taking it to 900 but felt spot price moved to far too fast and wanted out before a correction. My future moves in this sector will be a. GLD following a $250 correction i expect in next year or b. FSAGX

hey! no subscription for those ticker symbols.