Gyroscopic Investing

I've been looking at the performance of UGL - a gold ETF.  It seems to track the performance of gold bullion ETF's, but basically amplifying by 200%.  So the rises are double, but so are the dips.

So my question is, would it make sense to buy this instead of a gold ETF, but less of it?  This would allow more money to sit in the other 3 asset classes?  Something like 28/28/28/16?

If it's juiced that much, there will be slippage.

Be careful.  Do your due diligence.

tjt, in the variable portfolio bit of this site there are some threads about using leaveraged derivative versions of the PP eg
http://gyroscopicinvesting.com/forum/ht ... ic.php?t=3

What Warren Buffet has said about leaverage has included things along the lines of pointing out that you only have to multiply your wealth by zero once for it to be zero and that if you are smart you won't need leaverage and if you are not smart you certainly need to avoid leaverage .