tag:blogger.com,1999:blog-9619963.post6389329433007278393..comments2023-12-08T12:50:34.303-08:00Comments on W.C. Varones: Richard Wiggins trashes gold in Barron'sW.C. Varoneshttp://www.blogger.com/profile/17663570682958847976noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-9619963.post-39227501087291720482014-07-10T16:41:01.957-07:002014-07-10T16:41:01.957-07:00Did your 2010 gold call come up in the interview p...Did your 2010 gold call come up in the interview process?WCVnoreply@blogger.comtag:blogger.com,1999:blog-9619963.post-52561793475094130872014-07-10T14:57:54.087-07:002014-07-10T14:57:54.087-07:00Hi Rich,
I think you're holding the chart up...Hi Rich, <br /><br />I think you're holding the chart upside down. At the time of your article, gold was about $1200 an ounce. Now it's $1330.<br /><br />Congratulations on your position as head of risk. W.C. Varoneshttps://www.blogger.com/profile/17663570682958847976noreply@blogger.comtag:blogger.com,1999:blog-9619963.post-32821637459948199662014-06-29T15:20:43.750-07:002014-06-29T15:20:43.750-07:00Hey, it's me Rich. I am the Head of Risk for ...Hey, it's me Rich. I am the Head of Risk for the Saudi Arabian Oil Company. What happened to gold? it FELL.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9619963.post-37549388597008295422010-05-30T21:49:19.413-07:002010-05-30T21:49:19.413-07:00There is no fundamental value for gold other than ...There is no fundamental value for gold other than what some other sucker will pay. At least your house provides some shelter.<br /><br />The best anti gold argument is that only a small % of gold consumption comes from gold hoarders. If the shy really hits the fan, 80% of demand will drop and all those products previously made with gold will come off the shelves and flow back to the hoarders.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9619963.post-47729805427764166072010-05-30T12:55:02.364-07:002010-05-30T12:55:02.364-07:00I wish I would have bought gold in 2005 as opposed...I wish I would have bought gold in 2005 as opposed to the house I did buy. After 5 years , I estimate that dollar value of my house has declined by 10% to 15% - at least i hope that is the extent of my loss. During that time I have had the cost of insurance , taxes and repairs. At least i paid cash and id not get a mortgage.<br /><br />What has gold done in the last 5 years? Only increased in dollar terms by 270%. It is true that if I had bought gold with my money I would have not been paid interest, but the same can be said of BRK-A.<br /><br />Don't get me wrong I like my house but it is not the equity building investment that all the experts said it would be . Instead it seems more like a glacier be subjected to global warming. The much lesser amount of dollars I have put into gold has made up some but not all of the loss. I posted anonymously because I don't want to open another accountAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9619963.post-12791244439104441102010-05-29T16:34:45.419-07:002010-05-29T16:34:45.419-07:00I can't really say any more about Richard Wigg...I can't really say any more about Richard Wiggin's propaganda article than you've already said. It was a transparent attempt to shoo people away from gold. The only tears I've seen so far are on Richard Wiggin's face. Apparently this is his first article anywhere on any subject. Way to show your ignorance, Dick.Fazshahttps://www.blogger.com/profile/16145320065555592999noreply@blogger.com