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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (19550)	9/7/2003 1:44:30 PM
From: Tommaso	Respond to of 39344

Well, Joan, so far it looks to me as if the Oppenheimer Real Assets means real estate; they have a bunch of Fannie Mae. Now I will check the other

To: Joan Osland Graffius who wrote (19550)	9/7/2003 1:57:35 PM
From: Tommaso	Read Replies (1) \| Respond to of 39344

finance.yahoo.com Looks to me like the managers are afraid to invest their money. It's 65% in bonds and 35% in cash. So are they going to wait until commodities have risen and then invest, using money from bonds that have declined?

To: Joan Osland Graffius who wrote (19550)	9/16/2003 9:26:38 PM
From: whydididothat	Read Replies (1) \| Respond to of 39344

Hi Joan (and to others on thread), I've developed a similar style of approaching the presumed longer-term precious metal/commodity bull/dollar bear markets. That is indexing thru various mutual funds and closed end funds. Initally, I favored the Oppenheimer C-shares (QRACX) over PIMCO (PCRCX) because of the longer term track record and cheaper up-front cost (Pimco charges a 1% front load on the C-shares). I've since shifted entirely to PCRCX because it tracks the Dow Jones AIG commodities index djindexes.com which seems to represent a better cross section of the commodities market then does the Goldman Sachs index used by Oppenheimer gs.com It's also less volatile because of the smaller energy component. On a slightly different note, you could say I'm displeased with CEF (down 5.37% today) as a proxy for physical gold and silver (flat today). Closed end funds are problematic because their price movements are subject to the arbitrary nature of the market place instead of reflecting the value of their underlying assets --- have you found (or heard of) a better (and still relatively simple) way to own physical gold? Thanks in advance to all for any ideas.