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To: politicket

I started buying gold and silver 8 years ago; it’s worth one hell of a lot more now than any other investment I have.

Attempting to find congruence between the recent losses in gold valuation against the relative value of the dollar is absurd.


29 posted on 07/22/2013 10:02:46 AM PDT by snowrip (Liberal? You are a socialist idiot with no rational argument.)
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To: snowrip
I started buying gold and silver 8 years ago; it’s worth one hell of a lot more now than any other investment I have.

I applaud you for purchasing those commodities at a low price. I've never said not to hold gold and silver. In fact, I believe everyone should put 10% of their assets into precious metals as a hedge against the current deflationary economy. If the economy turns inflationary then those holding will do quite well. Not so much over the long term in a deflationary environment.

Keep riding the price down if you want to. They are your assets to manage.

31 posted on 07/22/2013 8:56:13 PM PDT by politicket (1 1/2 million attended Obama's coronation - only 14 missed work!)
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