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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (85549)	9/17/2008 7:47:50 PM
From: benwood	Read Replies (1) \| Respond to of 116555

The first gold shares I personally ever bought was in 2002. Some day in the not too distant future, I won't have any in my portfolio. I expect to shift a lot of those funds to overseas equities. Recently I viewed the performance of all the funds in my wife's 401k. All down, and mostly down big, except two. All her money is in the big "winner" a 4.5% lifestyle type fund (guaranteed fixed return). Amazing though that for the past 5 years, nearly everybody investing any other way at her company has suffered losses.

To: ajtj99 who wrote (85549)	9/17/2008 8:32:44 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 116555

No, I am talking about since my investment in 2002. Thanks for wasting my time.

To: ajtj99 who wrote (85549)	9/17/2008 9:32:45 PM
From: gregor_us	8 Recommendations Read Replies (1) \| Respond to of 116555

Your analysis of gold's efficacy, in today's markets, operates on a false dilemma. You are trying to make the case that gold is a poor investment, because not only was it in a multi-decade bear market, but especially because a certain personality type with a certain world view typically hoards gold, and you find that personality type, uuhm, silly. Which is fine. I myself have made some of the same observations about die hard gold bugs over the years But you see, the thing is, making a case about the people who have owned gold or advocated gold is not a cogent argument about gold itself. I advise you to enjoy your crticism of gold bugs, if you must--but, you should try something new. Try to learn the history of gold, and understand why it's been very operative this decade, and especially now. BTW, I have enjoyed enormously your posts over the past year at iHub. Really solid commentary and great chart work. Best, Gregor