One explanation remains that the gold standard was to blame.
Requirements that money be backed by gold forced countries into restrictive policies.
Finally, gold was gradually abandoned.
Buffett said at the last Berkshire Hathaway shareholder meeting that a value investor who can't take pain isn't a value investor at all.
I must be a value investor.LOL
From seeking Alpha : "The fair value of its investment portfolio is currently estimated to be approximately $2.5 billion, as compared to $1.9 billion a year ago. This represents a 32% growth rate year-over-year.
Yea,SDRL may go to $10.00 per share in the near-term. I might buy,but there are other oil stocks that pay a divy. For now this is dead money.
Frigator, if it wasn't for my index funds,I'd be down a lot more than I am.
Most hedge funds don't beat the market, and they are the pros.
I am moving slowly into more passive investing, with some $$ on the side for my gambling stocks, which are mostly DOWN.
Share price has dropped 25% in the past month.
If you have a long time horizon to wait you will be ok, but be careful maybe more pain to come.
GGN hit a new 52 wk. low today. $7.27
If you like a double wammie of both gold and oil.
Mr. Phil brings up a good point.
Preferred stocks are safer than common.
I'm also looking for "safe" places to park $$.
My problem is I don't trust big banks. ESP after the banking fiasco 2008. I only use regional or my credit union.
However, his WFC and BAC are safe and conservative . IMO