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JoeGoldbug

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JoeGoldbug

  • Returns
  • Today-0.26%
  • Monthly Avg4.96%
  • (Vs. S&P 500)1.64%
  • YTD-10.09%
  • Stats
  • Member SinceOct '08
  • Trades/Month2.9
  • Sectors Basic Materials
  • Risk
  • Volatility (STD)High
  • S&P Correlation (R²)19.6%
  • Beta0.99

“ He who bets against gold and for gov't money bets against 5,000 years of recorded human history. „

Unabashed gold bug. I make no excuses for owning it, hoarding it, buying the miners that dig it up, or playing its swings.

My philosophical argument:

1970 avg. house in USD: $17,000 (gold @ $38)
1970 house priced in gold: 447+ oz.

2000 avg. house in USD: $119,000 (gold @ $279)
2000 house priced in gold: 426+ oz.

2008 avg. house in USD: $219,000 (gold @ $800)
2008 house priced in gold: 273+ oz.

If I have 447 oz. of gold, I bet I can exchange it for a new house--not so with $17,000.

http://www.marketguru.com/JoeGoldbug

Portfolio Breakdown

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