Exclusive Interview on Kitco
September 24, 2012
Allen Sykora from Kitco News covers Frank Holmes’ current thoughts on how gold is far from being in a bubble. Under the scenario of a rising monetary base and 10-year government note below the inflation rate, gold tends to rise.
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As of 8/31/12, the fund has a Morningstar Overall Rating™ of 4 stars among 70 equity precious metals funds. The fund has a Morningstar Overall Rating™ of 3 stars among 70 equity precious metals funds as of 6/30/12. Ratings are based on risk-adjusted return. Derived from a weighted average of performance figures associated with its 3-, 5-year and 10-year (if applicable) time periods. Past performance does not guarantee future results.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Ratingä based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)
Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.
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