Monday, March 27, 2006

Big Mike's Bearish on GLD

Big Mike's Contrarian Investing Blog: Gold coins: bad investment: "Even the gold ETF is a bad investment in my opinion. It's just not leveraged enough. If the price of gold goes up by 50% from here, that's really not such a great return on investment. I like to buy things that will at least double. That's why I own shares of DRD Gold (NasdaqSC: DROOY), a gold mining company. DRD Gold is highly leveraged to the price of gold and will increase in value many times if gold ever takes off."

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