- 15% p.a. - real - R.Deutsch, 19.07.2002, 08:19
15% p.a. - real
NEW YORK -- More famous for punting
Japan and other exotics, Morgan Stanley
global strategist Barton Biggs is lately
a gold bull, and a convincing one. In a
report circulated on Wednesday, Biggs
wrote:"…I have never believed in gold,
for all the conventional reasons, but now
I am changing what's left of my mind. I
think there is a plausible case that a
professionally managed portfolio consisting
of the metal itself and gold shares could
realize returns of 15 percent real per
annum in the difficult environment ahead."
You can find the whole story here:
http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B285256BFA00770F
6E?OpenDocument
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