Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: AngleEdge One star, 50 posts Old School Fool Global Fool Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 20  
Subject: Re: streetTRACKS GOLD (GLD) Date: 12/16/2007 6:03 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I been buying into the Gold Trust (GLD) for a few years now. I think it is a good investment, especially if you believe that the dollar will continue to take a pounding and are looking for a good place to put some of you money in a hedge against inflation. Gold has had an incredible run over the last seven years or so, but I think it has a lot further to go, especially if the loose credit policies of the US government continue. Everytime the US government prints another dollar, it makes the finite supply of gold in the world that much more valuable.

I don't think I would classify myself as a "gold bug", but do see the value in keeping some of your investment dollars here. If you are interested in a bullish perspective on gold, check out dailyreckoning.com This is the website of a contrarian financial service (Agora Financial) that publishes several investment newsletters. They have a number of free daily updates such as the Daily Reckoning and the Five Minute Forecast that I enjoy reading. The style mixes in some humro and takes a different view of some of the major news stories. They are different bearish on the current economy and big supporters in investing in gold, silver, and other commodities to a lesser extent. The free content alone is worth the occasional read and helps to provide some good arguments in favor of owning gold.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement