I had never heard of the low-key Mr Dobson before, but he's obviously a wise chap:
He adds: "I’m a believer in gold. I’ve always believed in it and I always will. I really don’t believe in fiat currencies. Governments by their very nature can’t help printing money. That’s just what we’ve been doing. We’ve been printing it, printing it and printing it - and we’re going to pay the price in future years. But that’s just my own personal view."Very true, except that it's not just Mr Dobson who holds that view. Again, I recommend this site and its blog.
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David Farrer
I think it's always worth having at least something put away in real money (gold or silver). I only wish that I'd invested a large chunk five years ago since when the Merrill Lynch fund has gone up by 201%. At least I guessed what was going to happen to pensions when I switched from with-profits to a cash fund back in 2001. If I'd remained in the Standard Life with-profits fund I'd have lost around 50% of the policy value.
16 May 2005, 21:30:31 GMT+01:00
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Stuart Dickson
I sincerely hope that you are right about all this gold stuff David. Following your months of gold advocacy I have just invested a small amount of money in a gold fund.
It would not be a tragedy if I lost it, or it performs below the equity-based funds, but I would prefer it not to.
Mind you, now I am getting worried about my pension funds in equities. It would be a bit more tragic if I lost a good chunk of that!
16 May 2005, 20:26:13 GMT+01:00
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