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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (67979)8/23/2007 8:47:28 PM
From: Incitatus  Read Replies (1) of 116555
 
Mish,

That's obviously a horrible investment vehicle. It sounds good but the devil's in the details.

Look at the Everbank chart. If you had the vehicle in 1995-2000 (bad for gold), you only end up with your initial investment of $10,000. And if you owned the vehicle from 2000-2005 (fantastic for gold), you got back $12,000 (a total 20% return, well below what a 5% annual CD would get you). That's a guaranteed sucker's investment.

If you're conservative, have $10,000 and want a guaranteed return of your principle, then put $8000 into 5% CDs and put the remaining $2000 into GLD. After five years, the interest on the CDs will guarantee that you'll get your full $10,000 back... and the GLD is all gravy.

Incitatus
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