Wall St Going for Gold!

[jtabeb]

Re: Wall St Going for Gold!

via jsmineset:

Hedge funds offer to price in gold
ByJames Mackintosh and Javier Blas
Published: January 29 2009 00:15 | Last updated: January 29 2009 00:15
A hedge fund has begun offering investors the chance to have their investment denominated in gold, as worries grow over governments debasing their currencies by printing money.

Osmium Capital Management, a $178m hedge fund manager based in Bermuda, is launching a new share class allowing investors to hold shares measured as troy ounces of the fund, rather than US dollars, sterling or euros.

The trickle that turns into a tsunami can't be stopped. Ejoy it. It is not something that happens every day (people coming to their senses, that is).

Gold bubble not possible huh? How bout when everyone that has money left is so scared shitless, that they all panic into the same safehaven investement class , because that's the only safe place to be.

(I disagree with the managment, I think a gold bubble is entirely possible due to the above effect.)

There are fear and greed that rule our investment decisions. Of these, FEAR is by far the most powerful actor and motivator. (IMHO, anyway)

[Southernguy]

Re: Wall St Going for Gold!

Besides those little yellow 1K bars are BEAUTIFUL!!!!!!