Posted on 06/01/2006 8:10:31 AM PDT by Grampa Dave
Still stretching to prove gold is a better investment than stocks?
More likely than not you'd be broke...
That's right because 70+ years of dividends on gold is more than 70 + years of dividends on the Dow or S&P. And GE has done pretty well since 1935.
Of course if and when the bottom falls out of the Gold/Silver bubble, it will be GW's, Rove's, Republican's, yours and my fault.
From the article:
Not so great. At the start of the year 2000, prices for gold and silver in real terms were about the same as they were one hundred years before (see charts). Demand (largely from industry) has increased, but supply has on average kept up.
Gold and silver are money, not an investment. Anyone pretending that they are an investment is a shill or a speculator. Anyone pretending they aren't money is ignoring history.
Exactly. The question isn't whether gold will have value. How much will it buy you in guns and compatible ammo?
That gold money declined about 13% in the last 3 weeks. Do you consider that a store of value?
We are enjoying a period of low inflation!
Excluding food, fuel, health care, school, taxes, rent, housing supplies etc...
Air and public drinking water are really holding that core rate down, thank God, the adjustible won't rise to fast!
I'm not a gold advocate, but it has outperformed the Dow the past five years, and done so handily.
Wow ... how enlightening. Modern mining technology aces anything that panning for gold produced during the gold rush era in northern California over 150 years ago. This should be evident to any one with even the most cursory interest in precious metals. This author comes across as a rank amateur.
No problem ... I purchased gold in the $340.00 range. Further I have done exceedingly well with Vanguards precious metal fund, up 27.3% YTD and 45.5% in the last three years. I've owned it since early 2001.
Yes, I tweak goldbugs.
Don't quit your day job...
Yes, it is possible to make money by buying gold and other precious metals. Do you consider it a "store of value"? Or is it a commodity that can go up and down?
Please sir, how much gold would you take for that fine shotgun?
Now really, there's no need to load it, I'll take your word for it that it works.
Uh, sir, you really don't need to point it in my direction.
Now really, let's be reasonable, I have all this gold and ....
I don't buy gold because I think it's pessimistic.
Don't like owning precious metals, either.
Still stretching to prove gold is a better investment than stocks?
I cleared out of both too soon but then better to sell too soon and take a profit than to hang on too long and get whacked.
Comparing the DOW and gold since XXXX is stupid, if you want real gains, you have to move in and out of stuff.
BTW, every instance you get to cite for golds poor performance is inevitably caused by government intervention to save their paper. Volker did most of the damage in the last breakdown in the 80's by jacking interest rates through the roof...
Contrary to what some have concluded, I favor real estate over gold or stocks or other things. It's real. It's not going anywhere. There is no more of it. Transfer of title takes a certain path, and one can rely on deed records to determine clear title.
Investment is like life. When you're 30, canoeing down the rapids sounds like fun. When you're 55, it sounds like trouble.
You feeling okay? You're making sense :^)
Some believe that gold will IN THE FUTURE preserve wealth better than stocks.
Yes, many confused people believe a lot of silly things.
You can disparage them as "gold bugs."
And I do. I'm going to buy some gold. As soon as they raise the dividend it pays.
Yes, a gold based currency makes it difficult for politicians to inflate the money supply. You don't think we should go back on a gold standard, do you?
Did we have less inflation/deflation while we were on the gold standard?
The dollar has lost about 98.5% since the FEDs inception and it's accelerating.
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