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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (21310)8/3/2010 9:57:54 AM
From: TheSlowLane  Read Replies (2) | Respond to of 48092
 
Stewart T. sez...

...understand you are watching the world’s greatest chart painters with unlimited money, take gold candy from babies in a huge gold nursery.

321gold.com



To: Wade who wrote (21310)8/3/2010 10:12:46 PM
From: Wade2 Recommendations  Respond to of 48092
 
gata.org

UBS sees gold investors diversifying into reality
Submitted by cpowell on Tue, 2010-08-03 04:00. Section: Daily Dispatches
11:57p ET Monday, August 2, 2010

Dear Friend of GATA and Gold:

MineWeb's Dorothy Kosich last week described a report by UBS Investment Research that discovers a new trend among gold investors: actual gold.

Kosich writes: "In their analysis, UBS noted, 'A new trend in 2010 is the movement toward fully allocated physical gold. In H2 and 2011, we expect this type of gold exposure will deepen as new and existing investors diversify a portion of their gold reserves to purely allocated form. Quite simply, such customers are limiting their weight of paper gold exposure. In essence, this is diversification within diversification.'"

What a polite way for UBS to acknowledge that most gold investment hasn't been gold at all and that gold is really just another form of "gold" for people who would like to diversify, people who would like to have both some real assets out of which they can't be cheated and some imaginary assets out of which they can.

Well, all GATA can do is pass the word along. We can't make the world's largest investment banks any less stupid or venal.

Kosich's report is headlined "Time to Accumulate Metals and Mining Stocks -- UBS" and you can find it at MineWeb here:

...more