Muzie

Gold Price and Gold Volatility

"I buy banks because I get a very good service from them. I buy AAPL because people buy iphones, ipods and macs. I buy SBUX because I like their coffee. I buy steel because it builds my offices. I buy BA because I fly frequently and they make them. I buy oil because it makes my car go places. I buy pharma because their products cure. I buy WMT because they sell a bunch of stuff that people buy. I buy some utilities cause we need electricity."

Maybe you should look at the performance of each and everry one of the investments you've mentioned. Perhaps it will tell you something about the relevance of your strategy.

I'll take a "no future" holding over a "we priced the future in it forty times already" investment any day of the week.