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

To: toothdoctor who wrote (24021)	11/14/2003 12:35:30 PM
From: Tommaso	Respond to of 39344

>>>Isn't PSAFX in foreign bonds? If so, as they raise their interest rates as they are starting to do, won't the bond portion of the portfolio go down while gold rises? <<< Of course you are correct and that is something I worry about. I have not checked recently to see what maturities Tice holds, but I think his bonds average about five years. This is a lot better than being in a 30-year bond with rising rates. But it can still suffer. Now I am going to see if I can find out anything more about the maturities in PSAFX. The Prudent Bear site is not as easy to explore as it ought to be. PSAFX also holds gold stocks and gold. My hope is that a decline of the dollar against other currencies will more than make up for interest-rate losses. I would like to make just a modest profit on this part of my money, and I really use PSAFX as a place to hold cash that I may wish to pull out and spend, and which has some chance ot maintaining real value.