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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (8479)	5/22/2004 3:42:59 PM
From: Little Joe	Read Replies (1) \| Respond to of 312988

Why do you assume we don't hold some physical gold. I always hold common date numismatic gold coins. Little joe

To: Claude Cormier who wrote (8479)	5/22/2004 4:30:31 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 312988

I have a little gold, but I've been buying lots of bulk silver coins. Coins don't go bankrupt, issue pro forma earnings or stock options, LOL. Off to financial sense... CD

To: Claude Cormier who wrote (8479)	5/22/2004 5:07:53 PM
From: tyc:>	Respond to of 312988

edited (off topic sorry)

To: Claude Cormier who wrote (8479)	5/22/2004 5:10:24 PM
From: rubbersoul	Read Replies (1) \| Respond to of 312988

Call me a gambler, Claude, but I'm trying to aggressively accumulate wealth at the moment. I feel that the quickest way to do this is to own junior gold companies due to the profits leverage of unhedged gold miners to the price of gold. I learned this from you and others like Hamilton: 321gold.com Since I started investing in junior gold companies a year and a half ago( Jan.03), my portfolio is up about 70%-75% (I lost 25-30% during this correction). During the same period, the price of gold has risen a little over 13%. I am however getting closer to a stage where I would like to preserve some of my capital by owning gold. Cheers, John

To: Claude Cormier who wrote (8479)	5/22/2004 10:08:08 PM
From: glenn_a	Read Replies (1) \| Respond to of 312988

Hi Claude. I do not own physical gold because to my knowledge I can not own it directly via an RRSP (I live in Canada) vehicle. As a result, I have a position equal to 10% of my total investment portfolio in the Millennium BullionFund, which is an RRSP-eligible investment. If GoldMoney was RRSP-eligible, then I would consider it as an alternative to the Millennium BullionFund. Regards, Glenn

To: Claude Cormier who wrote (8479)	5/23/2004 12:45:47 AM
From: Proud Deplorable	Respond to of 312988

Claude...the "cons" are the reason I own gold bullion: tinyurl.com

To: Claude Cormier who wrote (8479)	5/23/2004 1:53:48 AM
From: emrs1	Read Replies (1) \| Respond to of 312988

Hi Claude, Like some others that have responded, I have some basic problems with holding bullion or egold: 1. I trade and invest almost entirely within an RRSP. 2. I prefer the liquidity and (especially) the leverage that equities provide. 3. Bullion spreads / commissions can be ridiculous. Ultimately my (subjective) probability distribution over future states of the world simply does not place very much weight on that set of states in which bullion (or egold) will turn out to have been the best investment. As far as I can see, so long as the current 'system' survives -- i.e., no doomsday breakdowns -- then even if we end up in a highly inflationary situation, I will do better holding / trading producers of (and explorers for) gold than gold itself. And if we do get to true doomsday scenarios, sure, there would be some in which gold functions as money, and the basic social and legal institutions exist. If that happens, I will wish I had insured with some bullion purchases. But once we start talking about true financial system collapse, there are mnay other scenarios in which the best things to have with you will be your wits and a weapon, and I haven't bought a weapon yet either. You may think I am without wits as well, after this post, but this is how I see it.

To: Claude Cormier who wrote (8479)	5/23/2004 4:55:27 PM
From: russet	Read Replies (4) \| Respond to of 312988

On my list of things to buy, gold is very far down the list,...perhaps because I'm not yet a multi-gazillionaire. I want things that make my time on earth a happy, healthy and prosperous one. Fiat money lets me buy all those things,...much more than a lump of gold, or your gold money, as a large percentage of what I buy comes from the local community and they just don't use anything but barter or fiat. I want land laden with natural resources, a house with all the gizmos, vehicles with all the gizmos, good friends and family with lots of food and drink, and lots of free time to enjoy it all. Every hoarder of gold I know of last used their gold to get out of some kind of holocaust in which members of their clans were being slaughtered physically or financially. The gold remained with them to their end (usually hidden under the floor or in the mattress),...and on their death their gold wealth was quickly spent by their heirs. I prefer to die quickly, while still having good mobility and physical health at a ripe old age, and make the greedy corrupt financial institutions bagholders for millions of $ of debt:-) A nice soak in the hottub, a few drinks with friends, a burn in the Sauna, a jump in the cement pond, a hike in the woods, a movie, a tour in the plane or boat, a trip somewhere new,..is far more satisfying to me than another gold bar.