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Gold Is the Worst Investment in History
Daily Finance ^
| February 5, 2015
| Brian Lund
Posted on 02/24/2015 12:07:38 PM PST by C19fan
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To: C19fan
To: C19fan
I don't consider gold (or silver) to be investments. They are hedges against catastrophe. Look at them that way, and decide how big a hedge you want (or can afford). They're like fire insurance. You hope you never need it.
42
posted on
02/24/2015 5:41:48 PM PST
by
JoeFromSidney
(Book RESISTANCE TO TYRANNY, available from Amazon.)
To: 11th Commandment
No, it was around $320 an ounce when my father made the investment in gold. I remember the prices when he was buying.
My timing may be off.
43
posted on
02/24/2015 6:55:46 PM PST
by
ltc8k6
To: Pearls Before Swine
> But, in times of turbulence, it has been salvation.
Exactly. I wouldn’t so much call it an “investment” as an “insurance policy.”
44
posted on
02/24/2015 6:57:43 PM PST
by
XEHRpa
To: C19fan; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...
To: JoeFromSidney
I don't consider gold (or silver) to be investments. They are hedges against catastrophe.I used to think the same, but with things being what they are today I'm beginning to think land and lead might be better hedges against catastrophe.
46
posted on
02/24/2015 7:03:41 PM PST
by
RckyRaCoCo
(Shall Not Be Infringed)
To: C19fan
For some 30 years now, I've had to listen to the doomsday crowd yap about how they are "getting off the grid" and stocking up on gold and how all the rest of us are suckers, the proverbial grasshoppers, happily hopping to the time of our "comeuppance."
Doomsday people are always talking about everybody else's eventual "comeuppance."
It's almost as if they envision themselves walking into a store after a TEOTWAWKI event and slapping a bar of gold on the counter to get their milk and bread, while all the rest of us huddle in an corner with pockets stuffed with worthless dollars.
And I've always wondered this about the gold traders. If they really believe that our society is about to collapse, then why are they so eager to sell us their gold in exchange for our soon-to-be-worthless dollars?
To: stephenjohnbanker
Or you can collect dividends, which I don’t believe gold pays.
48
posted on
02/24/2015 7:12:55 PM PST
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: aMorePerfectUnion
Gold is a hedge against government. It is a long-term hold for that purpose.
...
It’s a safe haven, but hasn’t there been times when the government made the private ownership of gold illegal?
49
posted on
02/24/2015 7:14:40 PM PST
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: C19fan
How a PhD in women studies? Or most any other ______ studies degree.
50
posted on
02/24/2015 7:21:38 PM PST
by
ThomasThomas
(EGO venit lego tantum titulus Posteri)
To: C19fan
It all depends on the prevailing conditions.
In fact, one could argue that food is the worst investment. It makes you fat and in the end all you get is sh**.
51
posted on
02/24/2015 7:24:07 PM PST
by
grumpygresh
(Democrats & GOPe delenda est. President zero gave us patient zero.)
To: Moonman62
“times when the government made the private ownership of gold illegal?”
In short yes.
I recommend keeping some here and some outside the U.S.
52
posted on
02/24/2015 7:38:00 PM PST
by
aMorePerfectUnion
( "Forward lies the crown, and onward is the goal.")
To: C19fan
Gold isn’t an investment, it’s money.
To: ltc8k6
Ok- I will stand corrected... I went to another website and was about to pull this chart:
tradingeconomics.com
Still, over a 30 year period, gold performs much worse than equities. Other FREEPERS are correct, gold as a metal, is not a "growth" investment. It is in a classical sense, GOLD is a storage of value. To make money in gold, timing is everything. IMHO, gold is in funck as investors flock to dollars out of EUROs and BRIC currencies. In other word, the FED has an easy money policy, true, but sense other countries are worse, the USD is picking up. We are the leader of a weak division.
To: Boogieman
If you have enough of it, you can build a gold igloo. Touché! Got me on that one!
55
posted on
02/25/2015 7:14:37 AM PST
by
JimRed
(Excise the cancer before it kills us; feed & Ifwater the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
To: Moonman62
LOL. Gold was a good LT hold if you bought it prior to 1972 .
56
posted on
02/25/2015 7:41:09 AM PST
by
stephenjohnbanker
(My Batting Average( 1,000) (GOPe is that easy to read))
To: Jet Jaguar
Gold has been an excellent insurance policy for me.
Silver and copper too.
57
posted on
02/25/2015 10:14:03 AM PST
by
blam
(Jeff Sessions For President)
To: RckyRaCoCo
Yes, I think investing in brass and lead is a good idea. Likewise investing in MREs.
58
posted on
02/26/2015 10:56:30 AM PST
by
JoeFromSidney
(Book RESISTANCE TO TYRANNY, available from Amazon.)
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