Forum Archive Index - November 2003

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

Hi Snoopy,

When I sent my post I was thinking that there are many people with differing 
needs, goals and circumstances that plug into this site.  I doubt that I'm the 
only American "tuned in" here, and we know there are posts from Eastern Europe, 
England and Australia that contribute.  I'll bet that there are a number of 
"shy" lurkers that also read many if not all of the posts.

To answer your question of gold vs. the currencies requires comparing apples 
with apples and of necesssity gives us a rather short period.  The commodity 
currency CD was  purchased on Oct. 8th 2003 so to work with an equal time  
period we'll go from there to and including last Friday 11/14/2003.

Australian dollar  +4.486%
Kiwi dollar        +5.333%
Canadian dollar    +2.528%
South African Rand -2.951%

Since each currency re presents 25% the weighted average and mean are one and 
the same for a total of +2.35%  Added to that would be interest at 4.380% with 
an annual percentage yield of 4.453%

My largest gold position rose +17.87% during the same time period.

Obviously the money we already had in NZ and some of the mmoney I added earlier 
are up more than the 5.333% quoted above, however, while I do not have the 
figures available, I am confident the gold  positions are up quite a bit more.

I'm trying to work with a three legged stool here to keep my purchasing  power 
on an even keel on a WORLD BASIS, since we do a fair amount of travelling.  The 
legs are stocks (shares) gold and currencies and seem to be working OK at the 
moment.

Good to hear from you.


Allan   




 --- On Sun 11/16, 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: Sun, 16 Nov 2003 22:35:04 +1300
Subject: Re: [sharechat] Gold Glistens in the Dark Clouds

Hi Allan,<br> <br>> <br>> I've said before that I appreciate all comments, and 
contributions on<br>> this site.  Your input, as well as those of Phaedrus and 
Lazy Haggis<br>> are no exception.  I wouldn't be so quick to dismiss gold and 
holding<br>> currencies, however, as you have done in this post.  
<br>><br><br>The post I quoted didn't dismiss gold.   It said that the main 
benefit of <br>holding it would be  to people who held most of their assets in 
US <br>dollars.   IIRC Allan, this is a category you fall into, being a US 
citizen.<br><br>The point 'the Wog' was making was that for those who live in 
Australia <br>(and New Zealand) there is no point in holding gold if all of 
your 'gains' <br>are going to be wiped out by the NZD and AUD appreciating 
against <br>the USD.    This fact has never even been *mentioned* by any of the 
<br>'gold bugs' yet it is absolutely critical to profiting from 
gold.<br><br>Phaedrus's gold chart was interesting, but would look very 
different if <br>the gold price was plotted in NZD.<br><br>><br>> I also hold 
currency positions in the Aussie, New Zealand<br>> and Canadian dollars as well 
as the South African Rand, as a hedge<br>> against the falling dollar.  So far 
those positions have been very<br>> bankable as well.  <br>><br><br>Just out of 
interest, how have these performed compared to your <br>investment in 
gold?<br><br>> <br>> Well I guess all this says is these differing opinions is 
what makes<br>> the market.  Keep all the posts coming, one and all.<br>> 
<br><br>I may have disagreed with Lazyhaggis and Phaedrus frequently in the 
<br>past, but usually I try to explain why, as I see it.   I may or may not be 
<br>right.   That is for those reading my posts to decide, according to their 
<br>own circumstances.  That doesn't mean I would ever campaign to have 
<br>either of them banned or anything.   On the contrary, having people 
<br>with opposing opinions is what makes this forum interesting.  I agree 
<br>with your sentiment.<br><br>Keep all the posts coming, one and 
all.<br><br>SNOOPY<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 
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