Forum Archive Index - December 2003

["Russell" <allanrussell90@hotmail.com>]

I don't disagree with the maths, however it was only a couple of months ago
I purchased AGG, at 10.80, today they are at 13.50 a 23.61% increase, they
have expanded a little with the purchase of the Ashanti gold mine in Ghana,
however I believe its basically the price of gold pushing up the price.

Allan
[the one from this side of the pond]

-- Original Message ----- 
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, December 02, 2003 12:11 PM
Subject: Re: [sharechat] CONGRATS


> 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
>
>
>
>
>
>
> --
> Message sent by Snoopy
> on Pegasus Mail version 4.02
> ----------------------------------
> "Dogs have big tongues, so you can bet they don't
> bite them by accident"
>
>
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