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Precious metals funds

By: Decomposed in 6TH POPE | Recommend this post (0)
Fri, 31 Jul 20 5:15 PM | 32 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 04044 of 60014
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I hope most of you have precious metal investments. Those with at least 15% of their wealth so protected will come through the approaching storm comparatively well off (which is NOT the same as "well off," but that's a topic for a future post.). One of the easiest ways to buy into PM is through precious metal funds. Vanguard, unfortunately, changed its "Vanguard Precious Metals and Mining Fund" to the "Vanguard Global Capital Fund" (ironically, still calling it VGPMX) and only has an assurance that 25% of its money will be in precious metals. VGPMX is up 24% from its March low. USAA has a real precious metal choice, the "USAA Precious Metals and Minerals Fund" (USAGX) which is up 100% from its March low.

This PM bull market will be a multi-year rally. Despite what's already happened, you would NOT be late to the party if you invested today, but I'd suggest buying on any dips. When I think about all the people who missed gold's bottom in 2001 by several months (including me, btw) - and then used that excuse to not invest (not including me), it makes me sick. Gold peaked in 2011, up about 600 percent. This rally looks like it will be at least as big.

Something that you guys can chew on as our economic disaster unfolds.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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