Over the long haul, gold hasn’t been great.
But, in times of turbulence, it has been salvation.
Nah....you aren’t subversive : )
As opposed to fiat currency which is ALWAYS a safe bet.
And a hammer is the worst screwdriver in history.
The gold miners make good money in the long run by adjusting their production rates, costs and selling future production (dangerous).
What if you bought it 30 years ago and still have it?
History ain’t over yet.
Until it isn’t...
I am investing in big stacks of one dollar bills. I like them because they stack up higher so it looks like more.
Why did FDR confiscate gold?
I actually did pretty good in my opinion, the only time I tried it out. Bought low sold high. Of course I could have done the same or even better with stocks but I didn’t complain.
Well, I really don’t know if gold is a bad investment. However, I stop reading after the first sentence. “ $1 investment each in stocks, bonds, T-bills and gold, beginning in 1802 to and ending in 2006”
Sorry, I really don’t think starting back over 200 years ago, and then choosing to end in 2006, (right before the huge run up in gold) is any kind of accurate reading on an investment.
The government also had a price fix on gold for many of those years. Why not just do the last 20, 30, 40 years, and see how the numbers come out then?
It just sounds like he is pushing a agenda. Why? I have know idea.
Gold is not an offensive investment. By that, I mean that gold is not designed to grow. Now it can grow, but generally speaking, it is not growing so much as other assets that gold is traded for are falling. Gold is a defensive investment, meaning that it is designed to retain it’s value.
Understanding that simple difference is important.
Can’t eat it if you’re hungry. It won’t warm you if you’re cold or shelter you from the elements. It can only buy those things when they are in reasonable supply. Who wants to be found dead of starvation or exposure with a cache of gold?
It would make a good lead substitute for ammo, I suppose...
If this guy should happen to be your financial advisor you are so screwed. :-)
If the GLD ETF goes for a ride, I hop on. I’ve been off for a while.
Money, on the other hand, the government would never seize that.
gold is about 1200x better then the dollar
First, stocks-bonds-ETF-gold-silver are all controlled (price) by the governments (NWO) They want to control all forms of wealth by taxing everything the people have or do. I will take silver over your paper that will one day soon be worthless. Gold and silver will work at the beginning of SHTF in the black market. Within a short time it will only be real stuff that will have any value. After the bank holiday starts there will be a lot of sad singing and slow walking. The worst investment in history will be by the people that voted for Obama.