scottshearer38


I’m curious why my CIBC precious metal funds are going down so radically when the price of gold is so high?

4 Responses to “why are funds so down when gold is so high?”

1. megan w on June 19th, 2009 2:57 am

   It’s the other way around. Gold gets high when funds go down because people et nervous in the markets so they gravitate towards things like Gold that are never going to *suddenly* lose value (like the DOW did today!). It’s tangible security. =)

2. tony b on June 20th, 2009 8:38 am

   because gold is a real our dollar isnt
   watch this film

   =-1656880303867390173&ei=MW3sSL3hHJycrALHy9igCw&q=freedom+to+fascism&hl=en

3. robe on June 22nd, 2009 1:30 am

   Commodities tend to trade inversely to equities (stocks), which includes not only precious metals, but oil, nat gas, etc.

4. what? on June 22nd, 2009 6:23 pm

   because gold isn’t the only precious metal.

   and a lot of people have probably been selling their interests in mutual funds, which means that the managers have had to keep a lot of cash on hand to accommodate this, so they have to pass up good investment opportunities.

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