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Location: As of 2022….back to SoCal. OC this time!
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Quote:
Originally Posted by Lowexpectations
What’s the downside to discussing strategy on a message board? She hasn’t posted his dob SS name or address time to Get over it
Again shortsighted and one track mind here. I don’t know about you but I’m capable of executing on more than one thing. This is pure nonsense
It's N O T nonsense to have our own minds & our own investments & money.......instead of helping a man that can't seem to do it himself IMO.
edit: you'd be surprised at how many women get too dependent on men for money.....& then they get stuck in a relationship & can't get out AND if he's asking her & she asks strangers........then he doesn't know what he's doing so don't expect him to have $ for long. It's not to do with his ss #.....laughs.
Last edited by TashaPosh; 04-13-2020 at 01:19 PM..
I was primarily referring to the idea that gold supporters think the Fed is ruining the currency, not the libertarian part.
And you think the Fed is ruining the currency, so you're doing nothing but proving my point.
Again, gold has only doubled over the last 90 years. That's a terrible track record as an investment.
I think the Fed is currently sacrificing the dollar as we speak as they ultimately take their balance sheet into the $15-$20 trillion range into 2021. There will be some lag with what they are doing, but I think we see start to see real dollar weakness 2-3 years out. I would not be surprised to see gold hit 10-12K over the course of the next 5-7 years. Gold was trading at about $35 an ounce in 1950. Today it is trading at $1700 an ounce.....
I think the Fed is currently sacrificing the dollar as we speak as they ultimately take their balance sheet into the $15-$20 trillion range into 2021. There will be some lag with what they are doing, but I think we see start to see real dollar weakness 2-3 years out. I would not be surprised to see gold hit 10-12K over the course of the next 5-7 years.
So how are you doing anything other than proving my point? Most people who think gold is a good investment think the Fed is ruining the dollar.
I don't see how you are doing anything other than supporting my point.
Quote:
Originally Posted by heart84
Gold was trading at about $35 an ounce in 1950. Today it is trading at $1700 an ounce.....
Yes, and it was at $2250 an ounce in 1980, aka 40 years ago.
So how are you doing anything other than proving my point? Most people who think gold is a good investment think the Fed is ruining the dollar.
I don't see how you are doing anything other than supporting my point.
My original comment was regarding your statement that libertarians are the only people who think gold is a good long-term investment. In 1950 gold was roughly $35 an ounce. Today it is over $1700 an ounce. Would libertarians be the only individuals who think a move from 35 to 1700 is a "good long-term investment?"
My original comment was regarding your statement that libertarians are the only people who think gold is a good long-term investment. In 1950 gold was roughly $35 an ounce. Today it is over $1700 an ounce. Would libertarians be the only individuals who think a move from 35 to 1700 is a "good long-term investment?"
As I said in my first response, I wasn't saying only libertarians think that. I was saying only people who think the Fed is ruining the currency think that. I can see how you could interpret it either way, which is why I clarified from the beginning.
You are intentionally cherry-picking the lowest possible spot on the graph. Like I said, in 1980, it was $2250 an ounce. That point is just as valid as the 1950 point.
Sorry, the $2250 figure was inflation adjusted. So, in real dollars, gold has gone down over the last 40 years. It's one up in nominal dollars.
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