Esquire magazine says Buy Gold

[ViC78]

Via Felix Salmon -


This is for anyone who might take this as a sign that it's all over: Esquire is now telling its readers to invest in gold.
"Like the big boys."
Esquire:
Suppose you buy $10,000 worth of Superfund Gold. If gold were trading at $1,000 an ounce, your $10,000 would be worth ten ounces of gold.
Suppose the value of the fund doubles over the next five years and you decide to redeem all your shares. Rather than getting $20,000, you would instead receive as many dollars as it would take to buy 20 ounces of gold.

[jneal3]

Re: Esquire magazine says Buy Gold

Via Felix Salmon -
Esquire:
Suppose you buy $10,000 worth of Superfund Gold. If gold were trading at $1,000 an ounce, your $10,000 would be worth ten ounces of gold.
Suppose the value of the fund doubles over the next five years and you decide to redeem all your shares. Rather than getting $20,000, you would instead receive as many dollars as it would take to buy 20 ounces of gold.

Is Felix Salmon a natural blonde...?

W
T
F?

[thriftyandboringinohio]

Re: Esquire magazine says Buy Gold

Is Felix Salmon a natural blonde...?

W
T
F?

They say he tried to correct that during re-write -there was white-out all over his monitor.

[ST]

Re: Esquire magazine says Buy Gold

Via Felix Salmon -


This is for anyone who might take this as a sign that it's all over: Esquire is now telling its readers to invest in gold.
"Like the big boys."
Esquire:
Suppose you buy $10,000 worth of Superfund Gold. If gold were trading at $1,000 an ounce, your $10,000 would be worth ten ounces of gold.
Suppose the value of the fund doubles over the next five years and you decide to redeem all your shares. Rather than getting $20,000, you would instead receive as many dollars as it would take to buy 20 ounces of gold.

probably a good short term contrarian sign - as in if the equity markets get demolished and long bonds run like crazy, gold will have a significant correction in the short term - again for the traders in us, or those looking to purchase more gold - maybe you'll get a 50% off sale just like in the 70s.

[jneal3]

Re: Esquire magazine says Buy Gold

They say he tried to correct that during re-write -there was white-out all over his monitor.

My bad for not understanding the original post and/or checking the link: the author of that knuckleheaded statement is Ken Kurson, not Felix Salmon ("via") - just found some blonde roots...

[Slimprofits]

Re: Esquire magazine says Buy Gold

http://www.esquire.com/bestbars/

this is a much better feature on Esquire.com