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To: Toddsterpatriot
I heard that an ounce of gold has always bought a decent suit.

True. In 1935 an ounce of gold would buy a great suit and today an ounce of gold will buy a great suit.

Now compare that to this...

In 1935, selling an ounce of gold and buying the equivalent of the DOW or S+P and holding till today would buy you THE ENTIRE SUIT FACTORY!

119 posted on 06/01/2006 9:08:34 AM PDT by AmericaUnited
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To: AmericaUnited
In 1935, selling an ounce of gold and buying the equivalent of the DOW or S+P and holding till today would buy you THE ENTIRE SUIT FACTORY!

Shhhhh. Some goldbugs can have an allergic reaction to the truth.

126 posted on 06/01/2006 9:12:42 AM PDT by Toddsterpatriot (Why are protectionists so bad at math?)
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To: AmericaUnited

Heck, if you invested $1,000 in Wal-Mart on June 1, 1976, you would only be holding $938,959.24 in stock today. I mean, it's not as good as a lot of 30 year investments, but still...


133 posted on 06/01/2006 9:23:17 AM PDT by Anitius Severinus Boethius
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To: AmericaUnited

In 1935, selling an ounce of gold and buying the equivalent of the DOW or S+P and holding till today would buy you THE ENTIRE SUIT FACTORY!



Hindsight makes some people feel like genuises.


140 posted on 06/01/2006 9:30:50 AM PDT by Atlas Sneezed (Your FRiendly FReeper Patent Attorney)
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