Vikram Barhat / May 04, 2010
Precious metal funds posted best returns in April as markets see-sawed over the Greek debt crisis, according to preliminary performance data released by Morningstar Canada.
"Government debt and related currency concerns helped boost the price of gold and other commodities," said Esko Mickels, fund analyst for Morningstar Canada.
With 12.2% return, Morningstar Precious Metals Equity Fund Index proved to be the best performer for the second time in the past three months, the report said. Thirty-six of the 43 Morningstar Canada Fund Indices had positive returns in April, though 22 of them gained less than 1%. LINK...
**************************************************
As the problems persist in the Euro zone, many currencies will be volatile. As we posted last week on April 29, take a look at the comparison of gold to various global currencies and you'll find that gold has out-performed all of them. It is becoming evident that gold will become the currency of last resort. GCC
Wednesday, May 5, 2010
Monday, May 3, 2010
The "Oracle of Omaha" Warren Buffet is worried about currencies holding their value.
May 1, 2010, 1:08 p.m. EDT
Buffett bearish on currencies holding value
Greek crisis will produce 'high drama,' Berkshire chairman predicts.
OMAHA , Neb. (MarketWatch) -- Warren Buffett said Saturday that he's bearish about the ability of all currencies to hold their value over time because of massive deficits being run up by governments in the wake of the global financial crisis. LINK...
*****************************************
Mr. Buffett does not make these type of comments unless he sees serious trouble ahead. As we have been saying with the help of our experienced mentors and resources, the economic problems are far from over and the best way to protect your assets is with Gold and Silver. GCC
Buffett bearish on currencies holding value
Greek crisis will produce 'high drama,' Berkshire chairman predicts.
OMAHA , Neb. (MarketWatch) -- Warren Buffett said Saturday that he's bearish about the ability of all currencies to hold their value over time because of massive deficits being run up by governments in the wake of the global financial crisis. LINK...
*****************************************
Mr. Buffett does not make these type of comments unless he sees serious trouble ahead. As we have been saying with the help of our experienced mentors and resources, the economic problems are far from over and the best way to protect your assets is with Gold and Silver. GCC
Saturday, May 1, 2010
ANGRY Americans March on Wall Street
If only people would read their history they would realize, "Too Big To Fail" is just a fantasy because when the true voice of America is united then nothing can stop it. Fraud against the citizens of a country has occurred many times in history and this will be no different. It's the classic David and Goliath story, after much pain and sufferring the people will win in the end. GCC
Subscribe to:
Posts (Atom)