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What does that tell you about how gold has performed as an investment?
"Buy gold and you can almost keep up with half of inflation!" - heck of an investment plan.
It's a bubble - rising now, but it won't last - just as it didn't last during the big rise around 1980.
Ken
If it's only kept up with 1/2 of inflation, to me that would imply it's undervalued. You don't have to believe it. Just sit back and watch it rise from the sidelines.
Sorry, that doesn't impress me.
Still waiting to see how there was such a huge demand for Icelandic bonds.
How much did India buy?
How much did China buy?
Face it, Icelandic bonds were a nit compared to the US dollar.
Sorry, that doesn't impress me.
Still waiting to see how there was such a huge demand for Icelandic bonds.
How much did India buy?
How much did China buy?
Face it, Icelandic bonds were a nit compared to the US dollar.
Ken
I've cited evidence. If you wish to do the same such as a chart showing relative demand for the krona prior to 2008, I'm listening.
The Dow hasn't changed one bit. Still 9 ounces of gold, down from over 50 ounce of gold and stuck down at 80% from its high.
Sorry, but gold isn't the universal measure of value - it's a commodity, like anything else. It goes up it goes down - right now it's up - and it WILL go back down.
“It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
– Warren Buffett
If you measure it in dollars, sure...I know that 3lbs of gold will net me a beautiful house in a retirement community in FL. Whatever you want to call a rally...go for it. I prefer measuring the Dow in food since I need it more than I need dollars.
If you measure it in dollars, sure...I know that 3lbs of gold will net me a beautiful house in a retirement community in FL. Whatever you want to call a rally...go for it.
Kid : 9,500 points in September 2009.
10,397 points today.
Whether you measure it in dollars/euros/swiss francs/another : the DOW has risen.
Balfour and I told you this weeks ago.
And thus it has come to pass.
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