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Message:: [QUOTE="medoraman, post: 1611084, member: 26302"]OMG! He works for a fund that charges a 3% management fee! That is the highest fee I have EVER heard of! No wonder the guy is out pimping himself to any news article writer he can get to listen. 3% is a scandalous management fee rate. I read gold is down 8% from last fall, so if you an investor of this man's fund you lost 8%, plus about 2% due to inflation, plus another 1% lets say from management fees, (one third of 3%). So, an investor in his fund would be down about 11% in a few months at this point if they invested last fall, (when a lot of people around here were screaming that you need to buy gold). NICE. Don't forget that this year gold has to go up about $60 just to stay even with inflation, (ignoring storage charges). Every year, $60 is not a "profit" at all, but just staying even, (not even counting taxes, which would make the figure more like $80 a year increase needed). So, if you include taxes, gold has to be about $2050 in 5 years to break even, THEN you can talk about profits. Maybe it will, but to add on top of all of that ANOTHER 3% you would pay to this fund manager, and the deck VERY QUICKLY stacks against you. If you want to invest in gold, I would say buy gold. Stay as far away from a 3% management fee as humanly possible. That rate is downright usurious. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]