Archives

Permalink

I've gone decidedly bear-ish. I'm selling my S&P 500 index fund and buying gold.

Share

4 comments to

  • I assume this is because of the recent temporary dip in gold prices… Not to dip too deeply from the well of regret, but how far back would you have to go to make this a ‘better’ deal with this same transaction? A few months, more, less?

    I’ve been keeping an eye on the IJSD lately, but not the IJSD versus Gold. (I do know gold, wheat, and oil have been going through the roof, of course.)

    • I assume this is because of the recent temporary dip in gold prices…

      Actually, no. The recent dip in gold prices is just a bonus. My broader assessment of economic trends makes me think the dollar is going to continue to tank, which means gold will keep going up. Basically, I don’t think the bad subprime-mortgage/credit news has finished yet.

      However, I am not an expert and cannot give financial advice. :-)

      Not to dip too deeply from the well of regret, but how far back would you have to go to make this a ‘better’ deal with this same transaction? A few months, more, less?

      I could go back as far as late 2005.

  • We were thinking Euros ourselves… :)

    • Yes, we’re going to pick up some kind of international fund with a European focus.

      We also recently bought a BRIC (Brazil, Russia, Indian, and China) fund.

      I wanted to put a little money in gold because I’m a little afraid that the downturn in the US economy might start to impact other nations.

Leave a Reply