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To: T. Jefferson

The price of gold hit $250 in May, 1999. So your Nazdog buy in 1993 has no relevance. If you bought both gold and a basket of Nazdog stocks in May, 1999, you'd have doubled your money in gold. With Nazdog, you'd still be out money.


160 posted on 12/07/2005 1:30:16 PM PST by sergeantdave (Member of the Arbor Day Foundation, travelling the country and destroying open space)
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To: sergeantdave
If you had bought gold at its low in the 1990s, you'd have doubled your money. If you bought a basket of Nazdog stocks at the same time...

Rearview mirror thinking is for dreamers. Noone can call the top or the bottom. For the sake of comedy, I'll play along and compare apples to apples. You take your perfectly timed low, I'll take mine. Your perfectly timed purchase is up 100%, mine from 1992 is up 350%. I'm not sure what this proves. We could start in 87, which makes Gold unchanged for 17 years, with the Nasdaq up 900%.

I didn't call the low, but I was close. Millions of people including myself bought Dell, Microsoft, Intel and Cisco in '93. At the time it was the nasdaq high, and it felt we were way overpaying. But they were widely held big cap stocks. Each have split 8 times since then. I doubt anyone would trade those results for a gold-like return.

195 posted on 12/07/2005 7:40:07 PM PST by T. Jefferson
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