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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (663)	5/4/2003 12:35:28 PM
From: _scar_face_	Read Replies (1) \| Respond to of 4912

Oh I completely understand what 'value add' is, and what your defining as 'value add' was, make absolutely no mistake about that. My request evidently was to steep. PS Was your money manager (or broker, I forget) able to help you determine if you ever bought that deflated growth stock we talked about before (and if so, how much of a loss was realized or not etc.)? They really should have that information available to you upon request.

To: GraceZ who wrote (663)	5/4/2003 1:22:34 PM
From: re3	Read Replies (2) \| Respond to of 4912

Do you consider the losses in the American dollar in your total return for the year calculation ? (I'd bet not)

To: GraceZ who wrote (663)	5/4/2003 4:06:27 PM
From: EL KABONG!!!	Read Replies (3) \| Respond to of 4912

Hi Grace, I own some gold and I can tell you that if I didn't my total return for the year would be far better then it already is. From my personal perspective, your reaction to gold's performance within your total portfolio might be a tad stringent. If you were to have purchased gold (either paper gold such as mining stocks, or physical gold) with the intention that the metal would rise in price, and you would subsequently sell at a later date for a profit, then you're likely correct to include gold's price movements in calculating your total portfolio return. For myself though, I look at the ownership of physical gold as a sort of insurance policy, something that I fully expect may actually cost money, rather than realizing an expected rate of return on the metal. When/if I were to buy physical gold, I view it very strictly as an "insurance" hedge against the remote possibility of a fiat currency failure or a global currency crisis. The gold is intended to be used merely as a "currency" to bridge a gap between a time of instability to a time of more stability regarding any potential currency crisis, or a crude form of insurance in my point of view. I am quite prone to suggesting to most folks (who ask) that everyone should own some physical gold. The amount doesn't have to be tremendous, merely sufficient to cover one's personal needs for a short time frame in the event of an emergency, perhaps a few thousand dollars worth of gold being adequate in most instances. Yes, the value of the metal will fluctuate over time, but the proposed purpose is for insurance, not capital gains. Just my viewpoint on the exchange of posts up to this point... KJC