As I click the reply button, Gold is at the highest level it has seen in over 1/4 century....
And adjusted for inflation it’s still 70% less than it’s all time highs! Go gold go!
Yes, highest when valued in the currency you and others think is a losing bet? So, how does breaking even feel?
Ha ha ha
Seriously, no, that is fine. I’d only say that currencies go back and forth, and we are now on the verge of going the other way. You and others, should at least consider the idea, as you might make an absolute fortune playing things the other way now.
Come on, you really think the Canadian dollar will be worth more than the USD? And for any meaningful time? If so, we’re going to be up to our eyeballs in Canadian tourists down here, and I know first hand how irritating those folks can be.... I married one, and many moons ago worked in retail by the border. Shhhhh, canadians are STUPID....
So, if you've had some gold in a vault for 25 years, you will be even soon.
If you bought a 30 yr treasury in 1982, it would still be paying 14.22% interest.
yitbos