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USAA Precious Metals and Minerals Message Board

  • makersofthemselves makersofthemselves Dec 4, 2012 10:26 AM Flag

    USAGX is going nowhere, so what other gold fund is worth purchasong?

    Thank you so much.

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    • Take a look at the top 10 stocks in the USAGX portfolio. Compare them on Yahoo, or any other chart service that provides the ability to do so. Use the Interactive feature on those chart services that have it available.

      The following is an example:;range=20081201,20121210;compare=auy;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

      This is a comparison of USAGX to AUY, which is part of the USAGX portfolio. The start of the comparison period is important. The above link begins on December 1, 2008, which means that you must sell USAGX and replace it with a better performing PM stock when USAGX pulls back. Alternatively sell USAGX when it reaches overhead resistance, then wait till, in this case, AUY reaches support to buy those shares.

      From this example why would you want to shift to another fund? Fund managers are lining their pockets with YOUR money, which shows as a percentage in the fund’s profile as an “Expense Ratio”. This is not an insignificant number, as it represents remuneration to the fund’s managers in part. For that they better provide a good return to their investors who should move on to better opportunities if they don’t.

      Tocqueville (TGLDX) has done well, comparatively speaking:;range=20081201,20121210;compare=usagx;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

      Or you can select any of the top performing funds listed at Morningstar under “Equity Precious Metals: Total Returns”. Sorry. Only Yahoo links are “white listed” and will not result in this message being deleted. If you succeed in finding the listing of all of the funds listed by Morningstar, note that over a 5 year time span (time spans are located at the top of the table) Tocqueville is near the top (~8% return) and USAGX is about a tenth of the way down. You can select any of the other times spans listed at the top of the table to see how the funds have performed over different time periods.

      It is a mistake to not rotate into better performing PM funds based on market fundamentals without considering the performance of other funds whose managers are doing a much better job.

      Kudos to “whatisgoodandpositive” who did in one word what this message took 1000’s of characters to do.

    • TGLDX

      • 1 Reply to whatisgoodandpositive
      • Whether you have gained or lost depends on when you bought. This is the 2nd down year after 2 up years. Share price is about what it was in March 2006.
        Gold price is stagnant, mineing profits are adversely affected by energy costs which are way up. But, it is almost always a mistake to assume the future will be like the recent past. Energy costs are likely to decrease in the next few years. So, even if the gold price remains stagnant, gold mineing shares could be a buy right now. If the gold price breaks out, it could be very positive
        regardless of the fund.

        Sentiment: Buy

    • yf12a Dec 7, 2012 8:36 AM Flag

      "going nowhere"

      My God, even after last years distribution USAA has lost nearly 45% of your investment.
      going nowhere is a little optomistic.
      I wonder if that fat ars that runs the fund took a 45% pay cut?
      Not likely.

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