what does gold-backed securites mean?

[TranceNation]

anybody know? thx

 

[FoBoT]

could you be more specific?

sounds shady though, anybody that preaches "invest in gold" should be taken with a grain of salt

gold has under performed all other investments over time for the last couple hundred years

 

[tweakmm]

I think it means that the money is backed by gold bullion

 

[CubicZirconia]

Originally posted by: tweakmm
I think it means that the money is backed by gold bullion

Yeah, much like the us dollar bill used to be.

 

[goodoptics]

Originally posted by: FoBoT
could you be more specific?

sounds shady though, anybody that preaches "invest in gold" should be taken with a grain of salt

gold has under performed all other investments over time for the last couple hundred years

But both physical gold bullion, many gold stocks and gold funds have outperformed the equity market since the beginning of this year.

 

[FoBoT]

Originally posted by: goodoptics

But both physical gold bullion, many gold stocks and gold funds have outperformed the equity market since the beginning of this year.

yes, over a specific shor time period

now all you need is a crystal ball to know when you should have gone "gold" and you will need the same psychic powers to know when to get out of gold and back into equities, good luck

 

[zephyrprime]

gold has under performed all other investments over time for the last couple hundred years

With the exception of cash. Cash has underperformed everything.

 

[tcsenter]

what does gold-backed securites mean?

It means when you get your certificate, turn it over and there will be gold on the back.

 

[yakko]

Originally posted by: FoBoT

Originally posted by: goodoptics

But both physical gold bullion, many gold stocks and gold funds have outperformed the equity market since the beginning of this year.

yes, over a specific shor time period

now all you need is a crystal ball to know when you should have gone "gold" and you will need the same psychic powers to know when to get out of gold and back into equities, good luck

When the economy starts to tank the value of gold usually rises and it falls as the economy improves.