On Thu, 27 Jun 2013 13:22:42 -0400, Wayne.B wrote:

On Thu, 27 Jun 2013 12:33:36 -0400, John H
wrote:

On Thu, 27 Jun 2013 11:52:32 -0400, Wayne.B wrote:

On Thu, 27 Jun 2013 11:42:47 -0400, wrote:

Gold is not a necessity

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Unless you want to protect yourself from hyperinflation. Governmental
money printing always ends badly sooner or later.

*If* I wanted to buy gold, and didn't continuously listen to Glen Beck like Harry, where would you
suggest the purchase be made?


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There are a lot of different ways although I would not recommend
bullion or coins - transaction costs are too high. In my opinion the
easiest, cheapest and safest way is via the SPDR Gold Shares ETF
(Exchange Traded Fund): GLD

http://finance.yahoo.com/q?s=GLD

If you want leverage vs the price of gold then gold mining stocks
offer an opportunity, either directly or via an ETF for greater
diversity.

AEM, GLDX, NEM, ABX, etc.

http://finance.yahoo.com/q?s=GLDX

In any case I would recommend no more than 10 to 20% of your portfolio
with the rest being in cash equivalents or high quality, low cost
index funds.


Forgot this. Next month I plan to remove my portfolio from the Wells Fargo management folks. They've
been consistently well under performing the S&P. My question to them is why not just invest
everything in the SPDR S&P 500? At least I wouldn't be as far behind the S&P as I've been, nor would
I be paying them for 'management'.

(Thirty years in the military did not teach me a lot about investing.)

John (Gun Nut) H.
--

Hope you're having a great day!