Forum Archive Index - December 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Allan,

> 
> To all the GOLD Guru's who contribute to this channel a hearty
> congratulations  on gold's smashing the $400/oz. level.  Currently
> $403.40 12:55 pm, New York time.
> 

At the start of the year gold was around $US278.  So it has risen 45% 
in USD terms.

And in the same time period the $NZ has risen from US50c to US64c, 
a rise of 28%.  In NZD terms an investor holding gold would have 
gained 13%.   Yet the NZX accumulation index has gained some 20% 
during the year.

So sorry Allan and the gold gurus.   All you have done is underperform 
the NZX index.  Not a performance to crow about.   It is yet more 
evidence that gold as a metal, for the average New Zealander,  is a 
below average 'investment'.     Even that is being charitable as gold 
metal has no income stream attached to it, which in my view makes it 
pure speculation- not an investment at all.

SNOOPY

discl: no gold



 


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