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To: blam

Gold always sounds good. Metals usually do.

It would be interesting to know over time how many have actually made money on metals investments, and how many lost a fortune on them.


2 posted on 07/30/2014 5:57:12 PM PDT by DoughtyOne (Think how stupid the average person is, and then realize half of the populace is worse than that.)
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To: DoughtyOne

Gold is a storage of wealth not an investment.

Over the long term. an ounce of gold today pretty much buys what an ounce of gold did 50 years ago, 100 years ago, 1,000 years ago, etc.


9 posted on 07/30/2014 6:06:22 PM PDT by wrench
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To: DoughtyOne

Julian Simon said that in the long run, adjusted for inflation, the price of any metal always goes down.


38 posted on 07/30/2014 7:50:30 PM PDT by grundle
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