Word: metalized
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...with his brother Don, of the first commercially viable fiber-glass skis and co-founder of K2, which became the largest U.S. ski manufacturer; in Seattle. Familiar with fiber glass from his work building animal cages, he sensed that the material could produce faster skis than the wood and metal ones then available. Introduced in 1964, the skis became favorites of Olympic and world champions and helped turn K2 into a winter-sports titan...
...crow about in more than two decades, but we're in one now. The price of an ounce has zipped past $600 for the first time in 25 years. Gold-mining stocks have doubled since early 2003, and most pros expect more gains--for mining stocks and the metal itself...
...once a bull market becomes this obvious it pays to tread lightly. Speculative money--mainly from hedge funds--has been pouring into the metal, and once something goes wrong, it will pour out just as fast. "We're getting a little nervous," concedes Anton Pil at JP Morgan Private Bank. But forecasts like DiGeorgia's are not all that outlandish. We may be in a modest inflationary cycle, and if you adjust for the past 26 years of inflation, gold should be at $2,150 already. Potentially, there is a lot of ground to make...
...GOLD-MINING STOCKS These shares typically rise three times as fast as the metal, reflecting the value of the reserves of a company--its gold still in the ground. The downside: these are operating companies subject to mismanagement, and after their blistering run, many mining stocks trade at a hefty premium...
...COINS Government-minted gold coins are easy to trade and store, but you will pay a 5% premium because they are collectible, and you will not be able to sell them to a dealer for anywhere near that. Still, being able to lay hands on the metal you've bought can be soothing--and that's what a gold investment is all about...