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To: rohry
In the summer of 2001 I invested a portion of that money in Gold at $265/oz., today it closed at $305/oz. That is a 14% payback in 6 months.

Did you cash out today? If not, then you effectively have a 100% loss, because gold does not bear any sort of dividend. What if gold drops to $260 in the next six months?

10 posted on 02/08/2002 2:44:59 PM PST by Poohbah
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To: Poohbah
I'm not going to get into a pi$$ing match with you, yes you are right I have not cashed my Gold in (because I think it is going much higher), so I have realized just a "paper profit." But you also must realize that investing in any product, company or commodity does not realize a profit until it is sold.

I would rather have my money invested in something that has been valued everywhere for the past 2,000 to 4,000 years than pieces of paper (dollars, yen or euros) that are guaranteed by nothing and are being created (printed) at a rate never before seen in the history of the USA.

People that owned Enron at $80 or Global Crossing at whatever are broke now. Nobody will ever be broke owning Gold, although I will cede that it has been a poor investment for the past 10 years. Maybe you should take note on the goings on in Argentina and Japan right now. Fiat currency has failed everwhere it has been used in the history of the world.

Again I ask, how have your investment choices done lately?

17 posted on 02/08/2002 3:11:54 PM PST by rohry
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