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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Alski who wrote (4508)	12/13/2004 1:12:09 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 12410

As long as Gold is only a small part of a diversified portfolio, you'll be okay with it... but, don't get nutty and load the boat with gold, the gold rush is over and you can only risk getting hurt... personally, I don't have any, nor do I care to...<g> GZ

To: Alski who wrote (4508)	12/16/2004 11:45:47 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 12410

Allski...... I do.. <smile> Gold has one really big problem.... it attracts an emotional and over zealous group of traders... "Goldbugs." To them Gold has a numinous quality that represents purity and it's become an ethereal resolution of all that's wrong with western monetary systems ((and human relations))... so it resembles a religious covenant to their way of thinking. Not so different then the Alchemists of centuries ago. If you listen to them the world is just about to end. So trading Gold is a tricky deal and not on the up and up. It's a Big Subject.... And a lot of money is made both long and short. There's a plan for a ETF for gold... this will be the way to go... Mutual funds are way to expensive and mostly closed to new investors. You could search the holdings of all Gold Mutual Funds and then set up your own fund by buying a percentage of the major companies. Another way to do it is just buy the represented holdings within the gold indexes. Otherwise, lots of research is required to be good at the small and junior gold stocks. Chip