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2old
Penny Pincher Member
188 Posts |
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1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 10/23/2009 : 12:23:01
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Just think if Pension funds worldwide decided that they needed more GOLD exposure in their portfolio. The Teacher Retirement fund mentioned in the article has $95B in assets and is looking for exposure of $250M in their internal gold investment fund. They are seeking a small exposure of .25% of assets. What if they wanted to go to the 2%-3% GOLD exposure that many financial advisors recommend for ordinary investors? The price of GOLD would explode; given the billions and billions in these funds and given the amount of GOLD available is just a small finite niche market.
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 10/25/2009 : 11:02:06
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| At least McGuire is savvy enough to recognize that gold represents financial insurance. 2old, I'm not quite sure what it was about this article that has you scared? The general masses have to be educated to the benefits of PM's to create a groundswell of buying that will eventually overpower the forces that manipulate (see GATA/Ted Butler) the price of gold for us all to benefit from its rise to its true value. What cracks me up is how, every day, the price of silver and gold from the London fix comes in high, is beaten down by the plunge protection team, and then rises again as it goes back into Asia. The "Chinese Put" is keeping a floor now on gold, and IMHO both gold and silver are set for another quick move to the upside at least another 20% by the end of the year that will leave realcenters taking deep breaths of pleasure, while leaving the lemmings gasping "Wha happened?? I should have bought at $1,000/$17!" Hindsight is always 100% |
Hoard now and hold on!
http://coppermillions.blogspot.com/
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against the prospect of rising inflation and curre
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