Chart Of The Day: The Safe Way To Invest In Gold: Permanent Portfolio (PRPFX)
After a big runup and a scary but small drop off its highs, gold is just above January’s highs and right at the all-important 50-day moving average (moving averages are hugely important to big badass trend traders). Commodities should continue to break out, the dollar should remain weak—solid argument for higher prices, but then again, it’s come sooooo far already.
So, the question is how do you play it? Here’s my safe way to play gold: Permanent Portfolio (PRPFX)
Look at that stunning 7-year chart! It’s the top-rated hybrid fund over pretty much every time frame, which I’ve mentioned I’ve been invested in for a while now. Their asset mix—20% gold, 15% global real estate, 10% Swiss Francs, 5% silver and lots of other little stuff—and chart are so beautiful, I’ve allocated 15% of my net worth to it and within a few months, I’m up a solid 4%. Plenty of exposure to gold, just without all the risk of being so concentrated in it.
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1Steven Hildenbrand
April 17th, 2008 at 7:57 pm
That chart looks pretty appealing, makes me wish I had extra capital. ;P
2Goose(TIMBUCKS: $33)
April 17th, 2008 at 8:13 pm
Tim, is it still good to buy in ?
3timsykes
April 17th, 2008 at 8:45 pm
goose–don’t rely on me for picks and price targets–i’m not cramer…i have no idea your investment goals, nor do I want to know. i just say what i’ve been doing
4be-the-ball(TIMBUCKS: $25)
April 17th, 2008 at 9:08 pm
keep in mind you are giving back 1% of that 4% to the fund for their expenses.
not saying it’s not worth it, just saying all the facts should be out there.
5be-the-ball(TIMBUCKS: $25)
April 17th, 2008 at 9:10 pm
tim, your last 2 trades aren’t showing on your tim spreadsheet. is it disabled until the new site is up?
6timsykes
April 17th, 2008 at 9:10 pm
u wanna get detailed the yield is also nearly half of one percent…ignore the little stuff and focus on the big picture on this–10%+ avg. annual returns
7timsykes
April 17th, 2008 at 9:11 pm
nah i just havent had time with my whole speaking gig, damn u guys are spoiled by me
8B
April 17th, 2008 at 9:17 pm
tim… tried posting this in the “what do you think of this stock”… but I’m having issues logging in
EDEN- pumped by the street.com, first up day today up 30+%, and another 30+% AH… first day of big volume… play it up, then play it back down… maybe???
9timsykes
April 17th, 2008 at 9:34 pm
good find tough to short $5 million companies though
10Michael Goode
April 17th, 2008 at 10:28 pm
I’ll second Tim on Eden. IB has a whopping 100 shares of EDEN available to short.
11Tony Ellis(TIMBUCKS: $24)
April 17th, 2008 at 10:50 pm
ZZZZZZZZZZZZZZZZZZZZZZ!
12Joe
April 17th, 2008 at 10:52 pm
When is the new site up? I can’t wait. I love this site.
13be-the-ball(TIMBUCKS: $25)
April 17th, 2008 at 11:32 pm
if i am going to put my money there, the little stuff is important too. for a boring blog post, sure you can focus big picture :-) I think you need more posts like Adam Warner at Daily Options Report. Good content but a hot chick in the photo instead of a chart…lol
14Vaibhav
April 18th, 2008 at 12:21 am
Tim,
What do you think about Yamana Gold( AUY)?
It has pretty decent growth rate and still very cheap.
15silentmax(TIMBUCKS: $2)
April 18th, 2008 at 2:31 am
why are you in our neck of the woods? stay of them gold them dar hills
gold bugs keep to themselves
gold bug since 1999
16BenBien
April 18th, 2008 at 3:21 am
Tim, I think I love you.
17vijai - moneyreallymatters.com
April 18th, 2008 at 10:50 am
Thats a good MF chart with Morning star rating with 5star and appealing uptrend chart for 5 years.. Thats a good one. I been searching for a good stock for my son’s 529 or coverdaell plan and may be I would this one as it has limitation of 2k and do rest with TROWEPRICE. Good find Timmy.. Thanks..