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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Tommaso10/6/2009 10:10:20 AM
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EDIT: corrected one figure

OK here are the results of my gold-ownership surveys. For the first, I posted on this thread and then, to try to get away a little from a skewed sample, the Hurricane thread.

The second, I used Ask Michael Burke and Mish's thread.

Here are what I had as of about an hour ago:

SURVEY #1:

Total responses: 75

Own some kind of gold investment: 80.8%

Own:

bullion or bullion coins: 54.8%
numismatics: 24.2%
ETF such as GLD: 45.2%
mutual fund of gold or gold mining: 27.4%
gold miners: 75.8%
gold deposit accounts: 3.2%
gold futures: 6.5%

SURVEY #2:

Total responses: 28

Own some kind of gold investment: 74.1%
Own:

bullion or bullion coins: 52.4%
numismatics: 23.8%
ETF such as GLD: 42.9%
mutual fund of gold or gold mining: 28.6%
gold miners: 61.9%
gold deposit accounts: 0%
gold futures: 0%

The only real surprise to me was the number of people owning numismatic gold coins. Still scared by FDR, I guess.

I wish I had asked about where the gold bullion was held--at home, in a safe deposit box, abroad?

It seems obvious to me that there is far more awareness of gold as an investment possibility among SI posters than among the general public, at least in the U. S. I think people are selling coins and jewelry to pay down credit cards, maybe make a mortgage payment.

I haven't yet figured a way to take a poll among average investors with 401Ks or pension plan choices. As I recall, there's no precious metals option available for one of the largest, TIAA/CREF.
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