[e-gold-list] Re: On a more positive note.

[James M. Ray]

Ian Green wrote:
> My mistake, yes, 0.86 instead of 0.85!  It is really cool to look at
> the dividend history and see the dividend progressively and steadily
> increasing! (If only more securities had such a strong record! This is
> surely "the Blue Chip" company of the DGC economy.)

Yes, the irony can be astounding at times, considering what some
people call "investments." A while back someone calculated their
dollar-return vs similar returns for the early investors wise enough to
put their money in Berkshire Hathaway with legendary superinvestor
Warren Buffett & discovered similar "blue chip" returns. Of course,
part of what's interesting to me about this is that TGC's return is in
terms of grams of gold rather than any fiat currency.

...
> dividend increases) of 0.86 grams is 0.7288%, which over 12 months is
> 10.32 grams, equalling 8.7458% per annum, but this understates the
> value of the share, as the dividend is increasing, and is reliable,
> and is paid monthly, so you get the use of the dividend throughout the
> year, rather than waiting twelve months to get it in one lump sum.
...

Thanks for doing this math. And since nobody else has mentioned
it here yet, http://2465679.thegoldcasino.com is having another big
contest 'till Friday, with a 200 gram prize. It's rumored that some
shareholders use dividends to play at TGC, which (if true) is sweet
for the other shareholders! :)
JMR

PS. On a *LESS* positive note, regardless of the problems faced by
individual Iranians these days, apparently the big-government sector
in Iran is doing as well as that sector has been doing planetwide...

http://www.chinadaily.com.cn/bizchina/2006-12/22/content_765293.htm

Sigh. 

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