Forum Archive Index - December 2003

["Allan Potts" <ajp7079@excite.com>]

Dear Snoopy,

I don't doubt that your numbers are correct, but they are rather selective and 
in any event don't aply to anything I'm doing.

I took earlier profits in gold and didn't start reacquiring gold equities until 
Sept. 26th 2003.  That position is currently up 27.27% in just over two months. 
 Another position was put on Oct. 7th and is currently up 26.21%.

I don't have anything else in my portfolio that has done as well, factoring in 
both currency and price appreciation.  I'm certainly not crowing about this, 
but am very thankful to have established these positions when I did.  Seems 
that a simple congrats to those who have avocated gold investments has released 
a hornets nest.

Go gold.

Disc.  Hold gold, RBD, CHP, KIP, TEL, POT, OST, CLH, ERG and U.S. stocks and 
some high yield bonds.  Currently gold gets the best report card.


Allan 




 --- On Mon 12/01, tennyson@caverock.net.nz < tennyson@caverock.net.nz > wrote:
From: tennyson@caverock.net.nz [mailto: tennyson@caverock.net.nz]
To: sharechat@sharechat.co.nz
Date: Tue, 02 Dec 2003 12:11:14 +1300
Subject: Re: [sharechat] CONGRATS

Hi Allan,<br><br>> <br>> To all the GOLD Guru's who contribute to this channel 
a hearty<br>> congratulations  on gold's smashing the $400/oz. level.  
Currently<br>> $403.40 12:55 pm, New York time.<br>> <br><br>At the start of 
the year gold was around $US278.  So it has risen 45% <br>in USD 
terms.<br><br>And in the same time period the $NZ has risen from US50c to 
US64c, <br>a rise of 28%.  In NZD terms an investor holding gold would have 
<br>gained 13%.   Yet the NZX accumulation index has gained some 20% <br>during 
the year.<br><br>So sorry Allan and the gold gurus.   All you have done is 
underperform <br>the NZX index.  Not a performance to crow about.   It is yet 
more <br>evidence that gold as a metal, for the average New Zealander,  is a 
<br>below average 'investment'.     Even that is being charitable as gold 
<br>metal has no income stream attached to it, which in my view makes it 
<br>pure speculation- not an investment at all.<br><br>SNOOPY<br><br>discl: no 
gold<br><br><br><br> <br><br><br>--<br>Message sent by Snoopy <br>on Pegasus 
Mail version 4.02<br>----------------------------------<br>"Dogs have big 
tongues, so you can bet they don't <br>bite them by 
accident"<br><br><br>----------------------------------------------------------------------------<br>To
 remove yourself from this list, please use the form 
at<br>http://www.sharechat.co.nz/chat/forum/<br><br>

_______________________________________________
Join Excite! - http://www.excite.com
The most personalized portal on the Web!

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/