USAGold's annual investment survey: Gold beats all except CRB index

7p ET Wednesday, July 9, 2008

Dear Friend of GATA and Gold:

Pete Grant, senior metals analyst for Centennial Precious Metals/USAGold.com in Denver, has compiled the firm's annual survey of investment performance, and finds that only the CRB commodities index has outperformed gold in the last year, and only by 46 to 43 percent. Everything else, Grant finds, is nearly garbage, except for fine wine, which, while appreciating only about 8 percent, at least can be consumed in excess when you're depressed about your investments in general stocks (down 15 percent), and housing (also down 15 percent). U.S. dollar certificates of deposit, while positive at about 4 percent, ran far behind the real inflation rate, probably around 12 percent.

You can find Grant's analysis, headlined "Gold Up 43% -- Outshines Wall Street, Main Street," at the USAGold site here:

http://www.usagold.com/analysis/survey-2008.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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