Wednesday, April 20, 2011

All That Glitters

Gold has broken the $1,500 barrier. I am "in" gold stocks! When I bought in October of '08 gold was $718 per ounce and shares were $17. I should have bought much more. But then it could have gone the other way and then I should have bought less. Much less. Now gold is $1500 per ounce and shares are $70. It is mysterious to me that gold stocks have gone up much more than the price of gold. I do not understand everything but Life is good!

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3 comments:

  1. JBApril 20, 2011 at 6:51 PM

    I do enjoy seeing that capitalist glitter in your posts....lol.

    ReplyDelete
  2. CroftApril 20, 2011 at 7:10 PM

    Ah yes, but even Karl Marx had to buy gas...

    ReplyDelete
  3. CalypsoApril 21, 2011 at 1:21 PM

    Gotta go with JB ;-) Let's see now I have a half dozen 1 OZ Krugerands I bought for 400 US some years ago - time to get those things in a safety deposit box I think.

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