General Discussion

progree

(12,826 posts)

19. Answer: precious metals

Wed Jan 1, 2014, 03:53 AM

Jan 2014

True confession: here is a fund I own for diversity / inflation hedge purposes (sigh)

Vanguard Precious Metals and Mining Inv (VGPMX)
http://finance.yahoo.com/q/hp?s=VGPMX+Historical+Prices

Dec 31, 2012: 15.95 $/share
Dec 31, 2013: 10.34 $/share

Down 35.2% by my math (doesn't include a 4% dividend yield at today's prices)
(the website has a -36.1% YTD return, but the "*" footnote says that's through Nov 30)

Most investors in precious metals and precious metal funds have done probably even worse than this

Click here to purchase valentine hearts!

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Highlight:

DEMOCRATIC INVESTORS MADE OVER 26% IN 2013. REPUBLICANS LOST 28%! [View all] JEFF9K Dec 2013 OP

LOL NoOneMan Dec 2013 #1

It's true that most rich people made a killing. ... JEFF9K Jan 2014 #28

This could be true. babylonsister Dec 2013 #2

I wrote this after watching the Nightly Business Report on Public TV ... JEFF9K Dec 2013 #7

The gold kooks deserved every cent of loss. PM Martin Dec 2013 #3

In part that would be... Gidney N Cloyd Dec 2013 #9

Not just Stephanie Miller, but Thom Hartmann and Ed Schultz and Randi Rhodes too. Sigh progree Jan 2014 #20

Liberal political talk on the radio is non-existent in most of the country. JEFF9K Jan 2014 #29

Yeah, I always figured... Wounded Bear Dec 2013 #16

Link(s) please! -- n/t mazzarro Dec 2013 #4

Links to what? Schema Thing Dec 2013 #5

There are no links BKH70041 Dec 2013 #6

and there's no shortage of gold bugs on DU. FBaggins Dec 2013 #8

Goldbuggery is overwhelmingly a Republican thing. JEFF9K Jan 2014 #21

Now that there's a Democratic president... sure. FBaggins Jan 2014 #31

Belief in gold has long been an important part of the Republican economic philosophy ... JEFF9K Jan 2014 #42

Nope. FBaggins Jan 2014 #45

Stupid comment! JEFF9K Jan 2014 #23

That's right -- "People" BKH70041 Jan 2014 #32

Your "logic" is pathetic ... JEFF9K Jan 2014 #44

Nope... the error was yours FBaggins Jan 2014 #33

There are NO LEFT WING RADIO SHOWS in most of the country!!! JEFF9K Jan 2014 #38

All caps and extra exclamation marks doesn't add to your credibility... FBaggins Jan 2014 #43

Have you ever heard of Sirius XM? Or streaming the Internet? ? ? ? Podcasts? ? progree Jan 2014 #47

Here's a link to the NIGHTLY BUSINESS REPORT. JEFF9K Dec 2013 #10

I went "All In" when Obama said "There are some really good values" - DJIA 6700 FreakinDJ Dec 2013 #11

Republicans took their money out ... JEFF9K Jan 2014 #30

I want that MoneyCode!!!! Curmudgeoness Dec 2013 #12

I thought that tax-debt guy got shut down. ... JEFF9K Jan 2014 #26

I was listening to Rush yesterday Curmudgeoness Jan 2014 #46

we dumped most of our gold at $1800 or so ProdigalJunkMail Dec 2013 #13

There was a time when it made sense to buy gold. That time is past. JEFF9K Jan 2014 #25

i actually felt like we held on too long ProdigalJunkMail Jan 2014 #34

This message was self-deleted by its author JEFF9K Dec 2013 #14

Link to the Biblical Money Code website ... JEFF9K Dec 2013 #15

How could anyone lose a dime this year. ileus Dec 2013 #17

Answer: precious metals progree Jan 2014 #19

But who would actually invest in that crap? ileus Jan 2014 #22

Oh, I invested in it for my 1998 and 1999 Roth conversions - it's almost tripled progree Jan 2014 #37

Yes, Republicans like Thom Hartmann and Ed Schultz progree Jan 2014 #18

The political talk media is overwhelmingly conservative. JEFF9K Jan 2014 #24

You're gonna rescue this thread if it takes all day, aren't you? Gidney N Cloyd Jan 2014 #27

+1000 Well put. BKH70041 in #32 also did a great job n/t progree Jan 2014 #36

There is nothing inaccurate about the thread! JEFF9K Jan 2014 #40

Making stuff up, passing it off as fact Cal Carpenter Jan 2014 #35

Try reading the post carefully before embarrasing yourself ... JEFF9K Jan 2014 #41

Absolutely true in my case bhikkhu Jan 2014 #39