have a quick look on the web and reproduce the following from a review written on May 11, 2007...
Negatives
1. Avoid debt, unless you plan to use the money to make a profit in some way.
2. Get out of the dollar, and out of US stocks.
3. Be wary of Treasury Inflation Protected Securities (TIPS) - the government defines inflation, but it's also the borrower. Schiff says it's like "trusting the fox to guard the henhouse".
4. Think twice about investing in bonds: "[it is] my belief that all governments that issue fiat currency will inflate".
5. Avoid mutual funds, because they add a layer of costs.
Positives
10 - 30% of portfolio: gold, and maybe also silver.
Of this, maybe 20 - 50% should be in
bullion, some in your direct possession, some held elsewhere.
E.g. Krugerrands and pre-1968 US silver coin; Perth Mint Certificates; GoldMoney.com (banking in gold).
Other investments in gold could include
gold Exchange Traded Funds (potential risk: false auditing);
gold futures (risk: the firm may buy on margin; also, counterparty risk);
gold mining stocks (risk: potential future speculative bubble).
Rest of portfolio: non-US stocks - purchased through a broker
(e.g. Mr Schiff!)
This is where the broker would make specific recommendations to the client. In general terms, the author recommends a portfolio of non-US shares, maybe 10 -20 in all, in an assortment of companies, sectors, markets and currencies. He likes conservative, high-dividend stocks
(a key principle of the Dogs of the Dow - see John Downes) in developed markets - e.g. Canada, Australia, New Zealand. In the shorter term, he thinks the UK and Europe should do better than the US;
in the long run, Asia.
is that really true???
[
本帖最後由 porno 於 2008-9-17 10:53 編輯 ]
