Friday, December 9, 2011

Goldistocks

In re this post, there actually is a simple way to bet against gold, which is by buying a gold short fund like DGZ. Which if I had done it in May of last year, I'd be down to like 55% of my investment. But that means it's a perfect time to buy, right?
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2 comments:

  1. drDecember 9, 2011 at 10:53 AM

    How did I miss that original post? Maybe I didn't.

    Is the price rise in gold (which I only know about because of that graph) mainly due to anti-government apocalyptarians? Or is it also being driven by high-end audio aficionados?

    (PS: my openid thing isn't working or is it just trying to make me THINK it isn't working?)

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  2. tps12December 10, 2011 at 12:36 PM

    I don't think that's an either/or question: people envision a post-apocalyptic wasteland where murderous gangs of audiophiles scour the countryside for gold to melt down and turn into Ethernet cables.

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