tag:blogger.com,1999:blog-7982981413278241287.post3098836144881211076..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Gold Is Now A Flight To Safety Refuge?Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7982981413278241287.post-3160653742898538672011-07-17T15:05:05.382-06:002011-07-17T15:05:05.382-06:00I loved it when Bernanke said the US only holds go...I loved it when Bernanke said the US only holds gold due to tradition. If so, why not park all that at my house if you don't care? So dishonest, Bernanke knows countries the world over view gold as THE liquid backstop for real credibility.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-29303467321645619162011-07-16T09:18:59.361-06:002011-07-16T09:18:59.361-06:00you need to read more...
PIMCO's Largest &quo...you need to read more...<br /><br />PIMCO's Largest "Equity" Holding - Gold<br /> <br />the firm's flagship credit funds do not have the mandate, nor permission, to invest in such asset classes. As such, the firm's $200+ billion TRF flagship fund, at least, is limited to fixed income securities. However, the same limitation does not apply to the firm's other funds, especially the recently launched $1.2 billion equity fund, the Pimco EqS Pathfinder. The fund was launched in 2009 <br /> <br /> <br /> The fund was launched in 2009 under the stewardship of Anne Gudefin and Charles Lahr, who jointly ran the $16 billion Mutual Global Discover mutual fund. So in an interview recently granted to Fortune by Gudefin, we were not very surprised to hear her response on what her largest investment position is in: "The largest position in the fund is gold, which we think is a very good form of protection against what can go wrong. We were encouraged by the fact that a lot of the central banks, especially in Asia, are big buyers. We think that's an underlying trend that's very favorable for gold." So to all those asking why Gross does not invest in the yellow metal, here is your answer.Should the EqS Pathfinder fund grow in AUM, one can assume that an increasingly bigger pro rata portion will be allocated to precious metalsenoughhttps://www.blogger.com/profile/11559197548302862165noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-56997687794624055752011-07-16T08:59:04.092-06:002011-07-16T08:59:04.092-06:00Milking the citizenry...corrupt from top to bottom...Milking the citizenry...corrupt from top to bottom<br /><br />LISTEN<br /><br />James G. Rickards<br /><br />http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/16_Jim_Rickards.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-63784538045633578782011-07-15T20:31:53.155-06:002011-07-15T20:31:53.155-06:00Cramer: Go Buy GoldCramer: <a href="http://www.youtube.com/watch?v=EEegPUa_pdQ#t=4m52s" rel="nofollow">Go Buy Gold</a>Tyronehttps://www.blogger.com/profile/04226876002855072090noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-66208811409894616242011-07-15T16:20:36.357-06:002011-07-15T16:20:36.357-06:00OH MY...We're definitely entering the mania st...OH MY...We're definitely entering the mania stage.<br /><br />Here comes the I was in before you chest pounding chatter.<br /><br />How bout this...I bought silver at 4.50 oz when Buffet did.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-57608022837744352032011-07-15T15:54:45.886-06:002011-07-15T15:54:45.886-06:002011-07-15 — weissratings.com
Weiss Ratings, an i...2011-07-15 — weissratings.com<br /><br />Weiss Ratings, an independent rating agency of U.S. financial institutions and sovereign debts, has downgraded the debt of the United States government from C to C-minus.<br /><br />The C-minus rating for the U.S. reflects a continued deterioration in the weaknesses cited in the Weiss Ratings release of April 28, 2011, including heavy debt burdens, shaky international stability, and poor economic health.<br /><br />Weiss Ratings senior financial analyst Gavin Magor commented: "Our downgrade today is not contingent on the outcome of the debt ceiling debate in Washington. It is driven exclusively by the numbers, which indicate that, in addition to a decline in the long-standing weaknesses we noted three months ago, the U.S. has already lost the golden halo that helped guarantee liquidity and acceptance of its government securities in global markets."<br /><br />On the Weiss Ratings scale, which ranges from A (excellent) to E (very weak), a C-minus rating is the approximate equivalent of a triple-B-minus on the scales used by other credit rating agencies, or approximately one notch above speculative grade (junk).<br /><br />About Weiss: By adhering to its independent business model, Weiss outperformed Standard and Poor's, Moody's, A.M. Best and Duff & Phelps (now Fitch) in warning of future life and health insurance company failures according to a 1994 study by the U.S. Government Accountability Office (GAO), while also outperforming its competitors in identifying the safest insurers, according to its follow-up study using the GAO's research methodology.<br /><br /><br />http://weissratings.com/Login.aspx?a=r lessBillnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-69166215930742749152011-07-15T13:43:25.379-06:002011-07-15T13:43:25.379-06:00(Dave) LOL I wondered if anyone would catch that(Dave) LOL I wondered if anyone would catch thatAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-56057964486641644922011-07-15T13:39:33.804-06:002011-07-15T13:39:33.804-06:00Pimpco? lolPimpco? lolCuisine Host Mikehttps://www.blogger.com/profile/10409219076459979898noreply@blogger.com