Forum Archive Index - December 2003

["Cristine Kerr" <criskerr@optusnet.com.au>]

Congratulations Allan.

 

Also IVN and INL - still doing well.

 

Regards,

Cris

----- Original Message -----

From: Allan Potts

To: sharechat@sharechat.co.nz

Sent: Tuesday, December 02, 2003 1:35 PM

Subject: Re: [sharechat] CONGRATS

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>

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