01-12-2009, 05:48 PM
Well there's no true way to judge his performance, because it's different on a client by client basis.
He has said that no one was immune to the collapse, foreign stocks took a huge hit, and some agriculture. He has also admitted that he expected the dollar to crash a lot more than it did during the crisis.
Im pretty sure he stays away from oil as it's too volatile. He's a big gold lover tho, which has done well. And he doesnt deal in dollars, so the huge dollar decline the past 2 years wouldnt affect one's portfolio.
It's generally a matter of how long youve been with him. An ounce of gold in 2000 cost $265, it's $750ish now. Think of the enormous run ups of the foreign markets, in the early-mid 2000s, he was there for the feast. The people complaining now that they are losing 30-40% were making 30-40% returns in Asian markets in 2003-2004. He has always said, if you price the U.S. market in gold, it's down considerably even during the boom.
He has said that no one was immune to the collapse, foreign stocks took a huge hit, and some agriculture. He has also admitted that he expected the dollar to crash a lot more than it did during the crisis.
Im pretty sure he stays away from oil as it's too volatile. He's a big gold lover tho, which has done well. And he doesnt deal in dollars, so the huge dollar decline the past 2 years wouldnt affect one's portfolio.
It's generally a matter of how long youve been with him. An ounce of gold in 2000 cost $265, it's $750ish now. Think of the enormous run ups of the foreign markets, in the early-mid 2000s, he was there for the feast. The people complaining now that they are losing 30-40% were making 30-40% returns in Asian markets in 2003-2004. He has always said, if you price the U.S. market in gold, it's down considerably even during the boom.