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Gold’s Quirk: It’s Volatile, but Holders Feel Secure
http://tinyurl.com/35zmwt
Hmmmm... Is this Jeff from Osborn Capital, the same place that EJ is a managing director at?
Gold’s Quirk: It’s Volatile, but Holders Feel Secure
http://tinyurl.com/35zmwt
Alongside virtual gold ownership, physical gold remains popular. Jeffrey Osborn, 48, a retired computer entrepreneur and private investor who lives in Maine and Florida, has about 5 percent of his liquid assets in American Eagles purchased in 1997. Mr. Osborn keeps the coins in the vault of a “very large bank’s branch,” which he occasionally visits “to hold them.”
“When I tell people to buy American Eagles, they’re usually skeptical and tell me about some midcap stock their broker suggested,” he wrote in an e-mail message. “But I question holding assets denominated in a depreciating dollar. For now, I am not selling my coins. They are a good hedge against the unforeseen.”
“When I tell people to buy American Eagles, they’re usually skeptical and tell me about some midcap stock their broker suggested,” he wrote in an e-mail message. “But I question holding assets denominated in a depreciating dollar. For now, I am not selling my coins. They are a good hedge against the unforeseen.”
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