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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 396.31

-0.6%

Dec 31 4:00 PM EST

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To: ecrire who wrote (25976)	9/13/2011 3:49:16 PM
From: TheSlowLane	Read Replies (2) of 29622

No kidding. That mentality is baked in purty good but it's not beyond redemption, imo. I spoke to a guy several weeks ago who had been a senior exec at one of the largest mutual fund companies in the world. The subject came up and he admitted ruefully that his prejudice against gold had kept him from owning it. He was clearly feeling that had been to his detriment. He said that because gold has no yield, it is difficult to value by traditional methods. I told him that you can address that by adjusting your thinking to see gold as a means of preserving purchasing power and a hedge against the inclination of government's everywhere to spend beyond their means. I don't think he ran to the store to buy bullion, these things take time to sink in...

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