If we're talking dogs you should check out the airline index (XAL). Down roughly 30% over the last year (GLD up 30%). Down close on 50% over the last 5 years, GLD up 200%.
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Check out VBA just recently, bought some a couple of weeks back. TLS beat the XGD by 40% (incl. DY) over the last year.
Stick with it though, apparently there's going to be a massive boom in gold and silver in 2034 according to one link which I put on here.
My ultra-boring collection of aussie shares were up 16% last month, gold's old hat, anyone owning gold and sitting on a decent profit would be well advised to dump it and buy out-of -favour punts.
I have just read that central banks made their largest net purchases of gold in decades, in the September quarter, according to the latest World Gold Council release. They are apparently set to make their largest purchases since Bretton Woods, according to the report. Also of interest is that China has overtaken India as the largest consumer of gold for jewellery.
(I haven't been keeping up with all the cut and thrust on this forum, for a while, but I just couldn't help adding some fuel to the fire, on this thread!)
--really your've been hoping gold/silver will crash for the last couple years now LOL ,I just want some kind of fair value to relate to the earning's of some of the producers which IMHO will come along with a new high in the Gold price in the mean time good gold producers are making a mint
Looks like gold support @ $1,748.xx has been broken but zipping up and down seeking direction.
Silver too sitting on the weak side also seeking some direction.
Will be interesting waking up tomorrow, thats for sure~!
I wouldn't be placing too much emphasis or betting my hard-earned cash on the integrity or intelligence of central bankers because they can be just as dumb as anyone else.
Take for example Gordon Brown who sold 400 tonnes of Britain's gold reserves at its lowest price for 20 years.
It's estimated to have cost the country 8 billion pounds.
The latest rash of purchases by central bankers shows that they get affected by crowd behaviour just like the rest of the sheeple.
VBA over the last 5 years is down 82%.
GLD over the last 5 years is up 132%.
There's no need to wait for a boom in gold and silver Skol, it's been booming for years. While you've been harping on about the 'gold bubble' some of us have bought and sold and done pretty well. It doesn't make us gold bugs, just jumping on a clear bull market in gold. If it crashes tomorrow I don't care cause I've cashed up a lot of my profits.
That is what I've said all along, if there's a decent profit, take it.
The idea that gold is going to Mars is about as likely as pigs will fly, and I wonder when gold fatigue will set in and the goldbugs lose their patience. It will probably take a while. All the bunkum I've read about hyperinflation, the global economic meltdown, gold being a 'currency', that the USD will be 'confetti' according to Jim Rogers, defies belief, but there's a true following of goldbugs who'll ride this wave - all the way down probably.
You will notice the goldbugs have been pretty quiet lately, you still get the odd 'Fort Knox is empty' crank when there's not much to talk about but the Weimar Republic crap and some of the more extreme posters seem to have disappeared.
It's absurd that the gold standard will be re-instated, that gold is going to $10,000 or $100,000 an ounce or that silver's going to $150.
Over the last 5 years the XGD is up 68%, an average of 13% p.a., which is not bad, but doesn't equate to the risk, when gold has gone up 132%.