bullion funds proving to be terrible investments in 2012 and net returns will be negative
You can not deny that these bullion funds are one of the worst investments this year --- and no surprise since gold and silver have lost any flight to safety features. It's next to impossible to rationalize owning gold or silver today since they failed so badly to provide defense against troubles in the financial and currency markets. In fact, the bullion funds not only failed to defend the gold or silver owners net worth, but very obviously brought about a sharp reduction in the gold or silver owner's net worth in 2012.
I doubt things will be any better in 2013, I expect even worse things for these truly awful bullion funds.
CEF is up 13.15% year to date ($19.61 to $22.19)! Hardly what I would call "the worst investments this year". In truth, precious metals has been singularly the best investment of the last twelve (12) years.
Sir, you do not seem to be the brightest bulb on the Christmas Tree.