DAK,
Got it. I thought you meant 'the last year', as in 04 YTD.
<Your assertion that Canadians will be getting less for their commodities is far from certain. Period.>
I never said it was a certainty. This is all my opinion as regards the future, and if anyone every read me otherwise then the need to understand I don't have a crystal ball.
Gold is an uninspiring, underwhelming assets class in Canada. It has been underperforming, energy, fo example. Sure, you can point to a date and say 'See, if you had bought here at $250, you'd be up almost 100%'. Well, that is simply impractical and for most investors, who cannot pick entry points like you can, they are unimpressed by gold vs other commodity asset classes.
Until that changes (or we have global currency debasement), we will have USD devaluation-inspired gold. That's it, no more, maybe a correction.
I think many gold investors are way, way ahead of themselves in this cycle, trying to make more out of this revaluation of gold in USD. That is all it is right now. I hope I made myself clear.
Period.
David |
