To: AdamSelene235
So if I invested in gold in 1988 I would be even right now? Oh, I forgot inflation, so I would still be at a loss.
Glad I invested in growth stocks.
The only people who make money on gold are those who sell it and futures in it.
16 posted on
09/19/2005 9:58:01 AM PDT by
KeyWest
To: KeyWest
You coulda made a killing on gold if you bought in 2000 and sold now.
17 posted on
09/19/2005 9:59:21 AM PDT by
RockinRight
(What part of ILLEGAL immigration do they not understand?)
To: KeyWest
The only people who make money on gold are those who sell it and futures in it.This isn't completely true.
I put 1/2 my IRA in one of the gold miners, a move my broker tried & tried to dissuade me from, & the other 1/2 I followed my brokers advice & was diversified across 7 funds in 3 different fund families. Then the tech stock bubble burst. The fund 1/2 of my IRA tanked. My gold stock went up, a little, but still up, & saved my IRA. My fund 1/2 is still below the initial investment and my gold stock is about to double, not counting all the dividends paid out.
27 posted on
09/19/2005 10:18:13 AM PDT by
Lester Moore
(islam's allah is Satan and is NOT the God of Abraham, Isaac and Jacob.)
To: KeyWest
Huh? I bought a bunch in Feb at 418. It's at 466. Do the math. The Dow is down for the year, the NASDAQ is up for the year, but no more than gold. Lots of people are making money on gold this year, even ordinary schmucks like me. At $7 a trade on Scottrade the commission costs are the same as QQQQ or growth stocks.
To: KeyWest
33 posted on
09/19/2005 10:32:06 AM PDT by
eternity
(What's it all about...Alfie?)
To: KeyWest
So if I invested in gold in 1988 I would be even right now? Oh, I forgot inflation, so I would still be at a loss.Timing is everything. It's what separates you from Jesse Livermore, for example.
53 posted on
09/19/2005 11:37:04 AM PDT by
sourcery
(Givernment: The way the average voter spells "government.")
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