The BIA Core Wealth Allocation Model Portfolio has removed the entire position of both the iShares Gold Trust (IAU) net cost $11.02 and the PowerShares DB Gold Fund (DGL) net cost $58.09. These positions represented about 8.5% of the portfolio. The portfolio has also added a to the position in the SPDR Gold Trust (GLD) […]
Archive | March, 2012
Did Warren Buffett Really “Destroy” the Case for Gold?
Last month, Warren Buffett, in his annual letter to Berkshire Hathaway shareholders, along with a preview for Forbes.com titled Why Stocks Beat Gold and Bonds, took aim at the gold “fondlers” and explained to the world why investors would be better of purchasing investments that are already held by Berkshire Hathaway, such as Coca-Coal and […]
BIA Global Strategy Model Portfolio Change
The BIA Global Strategy Model Portfolio has removed the entire position in the iShares Dow Jones U.S. Pharmaceuticals Index Fund (IHE) for a net price of $79.50. The position was originally added on 2/02/2012 at a cost of $78.77. The BIA Global Strategy Model Portfolio has also removed the entire position in the iShares Biotechnology […]
