Thursday, March 30, 2006

Substantial holding of gold

Nonetheless though, we too own a substantial holding of gold, for reasons most recently set out in our 2004 Annual Letter to shareholders (, and we have to demur with Mr. Landis upon several key issues. At the risk of over simplification, we should like to remind the reader of Jastram’s main conclusions, by citing the same passage as Mr. Landis, namely:
. Gold is a poor hedge against major inflations.
. Gold appreciates in operational wealth in major deflations.
. Gold is an ineffective hedge against yearly commodity price increases.
. Nevertheless, gold does maintain its purchasing power over a period of time.

1 comment:

Anonymous said...

Most of these senior citizens are not comfortable with the use of internet
or are incapable of visiting the State Comptrollers
office and thus for them newspaper listings does the
job. As a matter of fact, there are some news stories that have made such
a strong impact on the society that some of them have even won accolades.

Several news reports, writers, and analysts play a crucial role in the development of global
news undoubtedly. Thus, by putting the price, you
get targeted customers who are very interested in
what you are offering; in other words, you get hot leads. A writer in San Francisco
can read a story in New York at 3:00 AM (EST) and have it ready to go in his own
paper for the Midnight (PST) deadline.

My web-site - click here