To: dollarbull
How are you doing against gold, in 1, 5, 10 year time periods? I'm doing fine. I'm also doing fine over the 6 month and 20 year time frames.
You don't think that gold is a good buy based on Central Banks purchases, do you?
19 posted on
11/10/2009 11:02:52 AM PST by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
I'm doing fine. I'm also doing fine over the 6 month and 20 year time frames.
Care to post some #s? Cuz I don't believe you - you had all those toxic banking stocks, etc.
You don't think that gold is a good buy based on Central Banks purchases, do you?
You're confusing cause and effect again. Central banks have shifted from net gold sellers to net gold buyers BECAUSE gold is a good buy. Gold isn't a good buy because they are doing so, although their actions in the gold market will alter demand/supply dynamics and cause the gold price to rise even more than it otherwise would. Enjoy the view from the sidelines, it's going to be a hell of a ride.
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