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Remember the current times we are in. The dollar is going to completely crash
That's the problem, I don't agree with your premise. People (usually buy-gold doomsday Alex Jones types) have been predicting the crash of the dollar for years, and right along with their hyperinflation prediction it just doesn't seem to pan out. The dollar looked weaker for awhile and this crowd was falling all over themselves in giddy joy but hey it popped back up so it's back to predicting that some day they'll be right.
Meanwhile I'll work less on theories of drastic upheaval and maintain an appropriate asset-mix of stocks and bonds that I hope will get me to retirement early and successfully.
Good luck everyone one, I hope whatever path for success you choose works out.
Sub-Blue you seem like a nice fellow and I wish you luck, I really do, but this is an extremely reckless attitude as an investor, especially if you're "all in" with a historically volatile commodity.
That's the problem, I don't agree with your premise. People (usually buy-gold doomsday Alex Jones types) have been predicting the crash of the dollar for years, and right along with their hyperinflation prediction it just doesn't seem to pan out. The dollar looked weaker for awhile and this crowd was falling all over themselves in giddy joy but hey it popped back up so it's back to predicting that some day they'll be right.
Meanwhile I'll work less on theories of drastic upheaval and maintain an appropriate asset-mix of stocks and bonds that I hope will get me to retirement early and successfully.
Good luck everyone one, I hope whatever path for success you choose works out.
Well, here is my case in point for buying and holding Gold/Siver in this Super Secular Long Term Bull Market.
I started buying Gold again in 1999 and accumulated a considerable amount as a main Core position.
My purchase costs were from $44 to $88 per ounce. Average cost was $63 per ounce.
Now 10 years later the total value is based on $1256 per ounce.
$1256.00 Divided by $63 = 19.93 times .. minus 1 time for the original $63 = 18.93 times it has doubled my original investment of $63.
Thats 1893% in 10 years or 189% per year.
Even with the Bubble in the S&P 500 over the same time frame, look at where your total % profit/loss is as of Last Friday.
Results speak for themself.
The Naysayers can go ahead and Poo Poo all they want, but I bet they would give a pretty penny to trade me straight across.
There is an old saying you know ... Shoulda .. Woulda .. Coulda.
The precious metals have there ups and downs, but the "Trend is Whats Important" and the trend is still raging Upward for the forseeable future.
The Key ingredient is ...............................PATIENCE.
I still don't get it. You posted a chart, I was asking how it's relevant to the discussion, and you throw out some pinhead comment. If you want to participate in a discussion that's fine you have to clarify your position though, if not what's the point?
Well, here is my case in point for buying and holding Gold/Siver in this Super Secular Long Term Bull Market.
I'm certainly not discounting your success with gold since 1999, I'm just taking issue with the claim it's a good buy now. Someone could be posting about how well their tech stocks did in 2001, they weren't wrong but NASDAQ wasn't a good buy at the time unless you were shorting it.
Good luck, I hope you do well with your investments.
Would you turn in your Gold to the government if they decided to confiscate it, like in 1933?
People do not trust the gov as they did decades ago. No one will get in line or answer the door when they come looking for the gold. Any taken would have to be legally purchased at current value.
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