Saturday, January 8, 2011

Not So Golden Times

My gold (Precious Metals) fund was very good to me last year! It ended the year at pretty much an all time high but even so, it's rise seems to have slowed over the past couple of months. When I first took the plunge gold was only about 10% or so of my portfolio but after it's run it is now about 35% of my total investments.

I don't know if this last week's drop is simply a correction or the start of a downward trend but it certainly had a detrimental effect on my year-to-date Quicken chart! I will ride it out for a few days to see what happens but it might just mean an email to my adviser might be in order.

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