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Hi Gerry and other gold investors.
I am naive here as I haven't read the sharechat threads....so
criticise if I am out of line here with my statement.
Reason why I haven't read the thread is there is better
investments around.
Gold valued in US$ so US investors "hedge falling US$
with gold.
So ,yes one can make a lot of money with futures .
What I can't understand is why over the past year, and now,
why don't investors... instead, buy in strong rising
currencies e.g $AUS or $NZ . Better still why not invest in the upward
rising stock of the ASX and NZSX, and reap multiple profits.
I have had a private war with an overseas investor who invested in
USA, saw the tide turning a couple of years ago and has chewed my ear
ever since, in trying to convince me to change my investment to
gold. I keep telling him why????? .He wanted me to sell my
NZ portfolio to invest in gold, Bugger that...I said
........I am totally into DPC (yes.. not recommend in investment
portfolio theory) and over the last year I have tried to tell this Guy
that I have, to date that I have multiplied my DPC
investment by 2.55 and with the currency exchange going
from US41c/NZ$1 to US64c/NZ$1 there is another multiple of
1.56.
In effect ,if an Americian bought DPC with US$ a year ago at
NZ$1.05
Buy US$ 0.43 @ 1000 buy in .....US$430
Sell now NZ$ 2.20
plus warrants
sell 250 @ US$0.46....................US$
115
sell 250 @ US$0.50....................US$
125
sell
Total........................................US$1650
Paid US$430 sell today US$1650
yep.. about 400% profit
He is a millionaire and guess what .....he said the other
day."you're lucky but I've made money in transferring US$ to gold"
I GIVE UP
Hoop
-------Original
Message-------
Date: Friday, 05
December 2003 16:11:49
Subject: Re: Re:
[sharechat] Gold reply
Yes, I believe that the US economy is going
to have problems next year and gold could do well.
Just an opinion,
Gerry
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