Re: Price of Gold
in response to
by
posted on
Feb 20, 2008 11:09AM
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Stone,
I have written on this forum and Stockhouse many times about the need to put your eggs in more than one basket. It's one thing to have faith in a company or even a subsector but you need to have some kind of diversification.
I have some bullion in the form of ETF's and CEF.A (Toronto) but I also hold a couple of producers and several midtiers. I have other resource stocks as well, mostly gold miners or junior explorers but also copper, iron and other metals. I hold oil and gas and actually increased my exposure to oil and gas when oil pulled back to 90 dollars. In my oil and gas I have producers, etf's and juniors. Keep in mind that one of the driving factors for gold is oil so it doesn't hurt to hold oil. Oil is also a hedge against inflation.
Additionally I have a "green" portfolio, with a windmill farm, solar, powercells...
I love TDC and have a lot of it but I wouldn't want to bet my future on any one company. I think that's a very bad idea, unless you're 21 and have bet 3 or 4 thousand on it. In that case, it's no big deal... you'll either make a pile and get yourself going in life or you'll lose it all and will recover very easily at that age.