In Nov. I trasfered 2/3 of my 401 money into Opp Gold & Sp Mineral Fd A,it was about $100. less an oz. than the price of gold is at know.As of yesterday I lost about $3400. Can anyone explain how this is possible? I am realy confused as to how the price of gold could go up so much and I lost money. I also had a Tech Fund and lost a little over $1000. that one I can understand. Thanks:WTF:
The Falls, These are the choices available to me through my 401k. Do you know if any of them are considered to be aGLD, that follows the actual price of bullion, or what the actual name is of a GLD fund? Thanks
<!--tres--><TABLE cellSpacing=0 cellPadding=0 width="100%" summary="Table displaying performance of investment options for participant's Favorite Fund list" border=0><TBODY><TR id=tableHead><TH scope=col align=left rowSpan=2>Investments</TH><TH scope=col rowSpan=2>Tier</TH><TH scope=col rowSpan=2>Asset Class</TH><TH scope=col rowSpan=2>Morningstar Category</TH><TH scope=col colSpan=5>Annualized</TH><TH scope=col noWrap colSpan=2>Since Inception</TH><TH scope=col> </TH><TH scope=col rowSpan=2>Select
Favorite
Fund</TH></TR><TR id=tableHead><TH scope=col align=right>QTR</TH><TH scope=col align=right>1 Year</TH><TH scope=col align=right>3 Years</TH><TH scope=col align=right>5 Years</TH><TH scope=col align=right>10 Years</TH><TH scope=col align=right>Annual %</TH><TH scope=col>Date</TH><TH scope=col>Prospectus</TH></TR><TR id=rowB><TH scope=row align=left>AIM Gold & Prec Mtls Fd IC ‡ </TH><TD>+</TD><TD>Specialty</TD><TD>Specialty-Precious Metals</TD><TD class=hardLeft align=right>3.71</TD><TD align=right>22.12</TD><TD align=right>27.17</TD><TD align=right>23.30</TD><TD align=right>12.25</TD><TD class=hardLeft align=right>N/A</TD><TD>01/19/1984</TD><TD>prospectus </TD><TD align=middle><INPUT type=checkbox value=VFGA name=chkFavorite> </TD></TR><TR id=rowA><TH scope=row align=left>Opp Gold & Sp Mineral Fd A </TH><TD>+</TD><TD>Specialty</TD><TD>Specialty-Precious Metals</TD><TD class=hardLeft align=right>.05</TD><TD align=right>29.52</TD><TD align=right>34.37</TD><TD align=right>29.65</TD><TD align=right>19.36</TD><TD class=hardLeft align=right>N/A</TD><TD>07/19/1983</TD><TD>prospectus </TD><TD align=middle><INPUT type=checkbox value=PGMA name=chkFavorite> </TD></TR><TR id=rowB><TH scope=row align=left>Rydex Precious Metals Adv ‡ </TH><TD>+</TD><TD>Specialty</TD><TD>Specialty-Precious Metals</TD><TD class=hardLeft align=right>2.37</TD><TD align=right>18.64</TD><TD align=right>19.73</TD><TD align=right>N/A</TD><TD align=right>N/A</TD><TD class=hardLeft align=right>17.47</TD><TD>08/01/2003</TD><TD>prospectus </TD><TD align=middle><INPUT type=checkbox value=RYMA name=chkFavorite> </TD></TR><TR id=rowA><TH scope=row align=left>Van Eck Intnatl Inv Gold A ‡ </TH><TD>+</TD><TD>Specialty</TD><TD>Specialty-Precious Metals</TD><TD class=hardLeft align=right>5.50</TD><TD align=right>26.45</TD><TD align=right>35.02</TD><TD align=right>26.48</TD><TD align=right>15.83</TD><TD class=hardLeft align=right>N/A</TD><TD>01/03/1956</TD><TD>prospectus </TD><TD align=middle><INPUT type=checkbox value=VINA name=chkFavorite> </TD></TR></TBODY></TABLE>
<TABLE id=formButtons cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD> </TD></TR></TBODY></TABLE>
<!--tres--><TABLE cellSpacing=0 cellPadding=0 width="100%" summary="Table displaying performance of investment options for participant's Favorite Fund list" border=0><TBODY><TR id=tableHead><TH scope=col align=left rowSpan=2>Investments</TH><TH scope=col rowSpan=2>Tier</TH><TH scope=col rowSpan=2>Asset Class</TH><TH scope=col rowSpan=2>Morningstar Category</TH><TH scope=col colSpan=5>Annualized</TH><TH scope=col noWrap colSpan=2>Since Inception</TH><TH scope=col> </TH><TH scope=col rowSpan=2>Select
Favorite
Fund</TH></TR><TR id=tableHead><TH scope=col align=right>QTR</TH><TH scope=col align=right>1 Year</TH><TH scope=col align=right>3 Years</TH><TH scope=col align=right>5 Years</TH><TH scope=col align=right>10 Years</TH><TH scope=col align=right>Annual %</TH><TH scope=col>Date</TH><TH scope=col>Prospectus</TH></TR><TR id=rowB><TH scope=row align=left>AIM Gold & Prec Mtls Fd IC ‡ </TH><TD>+</TD><TD>Specialty</TD><TD>Specialty-Precious Metals</TD><TD class=hardLeft align=right>3.71</TD><TD align=right>22.12</TD><TD align=right>27.17</TD><TD align=right>23.30</TD><TD align=right>12.25</TD><TD class=hardLeft align=right>N/A</TD><TD>01/19/1984</TD><TD>prospectus </TD><TD align=middle><INPUT type=checkbox value=VFGA name=chkFavorite> </TD></TR><TR id=rowA><TH scope=row align=left>Opp Gold & Sp Mineral Fd A </TH><TD>+</TD><TD>Specialty</TD><TD>Specialty-Precious Metals</TD><TD class=hardLeft align=right>.05</TD><TD align=right>29.52</TD><TD align=right>34.37</TD><TD align=right>29.65</TD><TD align=right>19.36</TD><TD class=hardLeft align=right>N/A</TD><TD>07/19/1983</TD><TD>prospectus </TD><TD align=middle><INPUT type=checkbox value=PGMA name=chkFavorite> </TD></TR><TR id=rowB><TH scope=row align=left>Rydex Precious Metals Adv ‡ </TH><TD>+</TD><TD>Specialty</TD><TD>Specialty-Precious Metals</TD><TD class=hardLeft align=right>2.37</TD><TD align=right>18.64</TD><TD align=right>19.73</TD><TD align=right>N/A</TD><TD align=right>N/A</TD><TD class=hardLeft align=right>17.47</TD><TD>08/01/2003</TD><TD>prospectus </TD><TD align=middle><INPUT type=checkbox value=RYMA name=chkFavorite> </TD></TR><TR id=rowA><TH scope=row align=left>Van Eck Intnatl Inv Gold A ‡ </TH><TD>+</TD><TD>Specialty</TD><TD>Specialty-Precious Metals</TD><TD class=hardLeft align=right>5.50</TD><TD align=right>26.45</TD><TD align=right>35.02</TD><TD align=right>26.48</TD><TD align=right>15.83</TD><TD class=hardLeft align=right>N/A</TD><TD>01/03/1956</TD><TD>prospectus </TD><TD align=middle><INPUT type=checkbox value=VINA name=chkFavorite> </TD></TR></TBODY></TABLE>
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Lor
All of your choices listed above are funds that invest in miner's and the like (mining equipment, financing, etc). I would find it highly unlikely that any 401k would allow you an investment in anything that would track the price of bullion directly unless it is a brokerage account that would allow you to buy ETFs.
Your choice may be down now, but then just about everything has tanked. I personally am still a raging bull in the commodity sector and see the producers and their affiliates still being a strong play in the future. We may be having some wild times but the rest of the world is still in a Capital growth stage and will keep the demand for commodities high. Don't be blinded but just the moves in gold and silver, everything that needs to be dug out of the ground will continue to be in high demand as the Chinas and Indias of the world thirst for raw materials will continue(IMHO). A lot of the companies in these funds produce more than the shiny, pretty metals. I know your in NOT too so you should see some of this yourself too.
Good Luck!
All of your choices listed above are funds that invest in miner's and the like (mining equipment, financing, etc). I would find it highly unlikely that any 401k would allow you an investment in anything that would track the price of bullion directly unless it is a brokerage account that would allow you to buy ETFs.
Your choice may be down now, but then just about everything has tanked. I personally am still a raging bull in the commodity sector and see the producers and their affiliates still being a strong play in the future. We may be having some wild times but the rest of the world is still in a Capital growth stage and will keep the demand for commodities high. Don't be blinded but just the moves in gold and silver, everything that needs to be dug out of the ground will continue to be in high demand as the Chinas and Indias of the world thirst for raw materials will continue(IMHO). A lot of the companies in these funds produce more than the shiny, pretty metals. I know your in NOT too so you should see some of this yourself too.
Good Luck!
