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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="midas1, post: 1121194, member: 21309"]Jim, you're correct on both counts. yes, they do use contangoed commodities and there is a .95% expense. OTOH, they claim, using their formula, USCI would've averaged 20% annual gains during each of the past ten years.</p><p><br /></p><p>WingedLiberty, I worked in technology for many years so it was a natural progression in the early 90s to learn investing by buying technology companies - amati (what a great play) us robotics, microsoft, dell, cisco, et al. Those were turbulent times for tech investing and you had to be quick but those days are nothing to compared to the investing environment the Government, Wall St and Bernanke (pre government employment and during government employment) have created. Oh, almost forgot need to heap on more turmoil caused by oil prices.[/QUOTE]</p><p><br /></p>
[QUOTE="midas1, post: 1121194, member: 21309"]Jim, you're correct on both counts. yes, they do use contangoed commodities and there is a .95% expense. OTOH, they claim, using their formula, USCI would've averaged 20% annual gains during each of the past ten years. WingedLiberty, I worked in technology for many years so it was a natural progression in the early 90s to learn investing by buying technology companies - amati (what a great play) us robotics, microsoft, dell, cisco, et al. Those were turbulent times for tech investing and you had to be quick but those days are nothing to compared to the investing environment the Government, Wall St and Bernanke (pre government employment and during government employment) have created. Oh, almost forgot need to heap on more turmoil caused by oil prices.[/QUOTE]
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