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To: Gaffer
The Commodity Massacre Is Back Today — Gold Tanks Again
6 posted on 05/01/2013 7:44:55 AM PDT by blam
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To: blam

I had a chance at one time (for a period in the 70s) to buy gold at a price somewhere between $4-600/ounce...

I could have but didn’t buy any. Had I done so with the available cash I had, I’d have made maybe $4-5K on it.

Unless you have a buttload to gamble, or that unstoppable itch to hedge against financial devastation of society, the trouble ain’t worth the risk...more colloquially, the “juice ain’t worth the squeeze.”

Today? I have my money invested in more concrete and vendable things - brass, lead, copper and a host of other accessories that make them more desirable. There is not one, not a single piece of what I have that wouldn’t go for several times what I paid for it in times I consider more predictable.


8 posted on 05/01/2013 7:51:11 AM PDT by Gaffer
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