Replies

To: republicanbred

I would look at the 20 year return on gold before doing that.

4 posted on 05/20/2011 10:40:24 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)

I would look at the 20 year return on gold before doing that.

Gold has gone up 500% over the last 20 years. According to my gorrilla math, that comes to about 9% per year. Of course that's somewhat misleading since all of that return has been in the last 8 years, when gold has been steadily increasing with an average of more like 25% per year. So the questions is, will the next 10 years be more like the 1990s, the last 10 years, or will the dollar be devalued at a much faster rate than ever?

I pick door number three.

35 posted on 05/20/2011 10:59:50 AM PDT by Hugin ("A man'll usually tell you his bad intentions if you listen and let yourself hear it"--- Open Range)

Gold purchased 20 years ago has done well.

81 posted on 05/20/2011 5:09:29 PM PDT by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794