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Pennybags's style

Pennybags's bio

Top 16%

Pennybags

(Why follow?)

  • Risk Group(4.7/10) Moderate
  • RankTop 16%
  • Return Today9.87%
  • Return 1 Month-9.06%
  • Return 3 Months-9.34%
  • Return YTD-9.34%
  • Trades/Month45.35
  • Member SinceOct 08
  • Sectors Basic Materials

“ He who bets against gold and for gov't money bets against 6,000 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 arguement:

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/Pennybags

Pennybags's major holdings

  • % of Portfolio

  • SLW

    Silver Wheaton Corp.38.40%

  • NEM

    Newmont Mining Corporation (Holding Company)16.10%

  • AUY

    Yamana Gold Inc.15.67%

  • SA

    Seabridge Gold Inc6.53%

  • EWZ

    iShares MSCI Brazil Index Fund6.09%

  • RGLD

    Royal Gold, Inc.5.93%

  • HL

    Hecla Mining Co.4.65%

  • CEF

    Central Fund of Canada Limited3.86%

  • MVG

    MAG Silver Corp2.77%