gold
China To Purchase Half of IMF’s Gold
Submitted by Ducimus Plinius China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.
SCHMIDT’S GOLD THOUGHTS (22 December 2009): (Ned Schmidt Gold Thoughts)
With our last comments of the year 2009 we pose the all-important question. How did Gold Bugs do in 2009? Well, as the chart below shows, the Gold Bugs won again! In fact, $Gold has been victorious over the paper asset groupies on both the five year and ten-year measurements. For 15 years results are almost tied. Will take another year or so to best paper assets on a 20-year basis. Seems that Buy & Hold does work, if one buys and holds the right stuff! By the way, the S&P data is on a total return basis which includes the dividend.
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SCHMIDT’S GOLD THOUGHTS (22 December 2009): (Ned Schmidt Gold Thoughts)
