To: expat_panama; rbmillerjr
I don't, and over time gold just hasn't done all that well compared to other more stable investments. Let's say $100 is invested in 1950. With gold it's worth almost $4,000 but with stocks it's over $52,000.
gold is not an investment. gold is money. gold is where you park your wealth when you don't trust the gov't and the banks.
BTW - what's your definition of "long term"? Gold's crushed stocks for 10+ years and that trend isn't done yet. I wasn't around in 1952 to buy gold, but I was around to spot the secular shift from paper to hard assets early last decade.
I'm still laughing about Jr's self-described rockstar investing skills. haha. He probably went long GM on IPO day after listening to Cramer pump it.
48 posted on
11/21/2010 12:16:05 AM PST by
dollarbull
(why are paperbugs so bad at history?)
To: dollarbull
“gold is not an investment. gold is money. gold is where you park your wealth when you don’t trust the gov’t and the banks.”
You’re not an investor, you’re a cultist lol. Your name cries, “please take me I’m a sucker”.
Gold is an investment. It can be part of a portfolio of investments. It’s not a political tract.
49 posted on
11/21/2010 6:54:30 AM PST by
rbmillerjr
(We knew the Romney RINO hordes were coming....It's on.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson