To: bert
If you bought at $850 in 1980, it would have had to appreciated to $2,073.20 to maintain it's value against inflation.
81 posted on
12/01/2005 12:02:41 PM PST by
.cnI redruM
(Murtha - What happens when patriots turn into Democrats.)
To: .cnI redruM
And if you bought gold at its low in the 1990s, you'd have doubled your money. And if you bought a basket of Nazdog stocks at the same time, you'd still be out money.
You gotta know when to hold 'em, and know when to fold 'em...
89 posted on
12/01/2005 12:23:07 PM PST by
sergeantdave
(Member of the Arbor Day Foundation, travelling the country and destroying open space)
To: .cnI redruM
If you bought at $850 in 1980, it would have had to appreciated to $2,073.20 to maintain it's value against inflation. People that bought at the top of the gold market in 1980 got screwed, just like the people that bought into NASDAQ at 5200 got screwed. It's simple...buy low, sell high; not the other way around.
134 posted on
12/01/2005 3:19:55 PM PST by
who knows what evil?
(New England...the Sodom and Gomorrah of the 21st Century, and they're proud of it!)
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