To: brydic1
If you had invested the $38 in the S & P 500 Index back in 1958, it would not be worth about $4100 today — As opposed to $1210 for an ounce of gold.
To: Labyrinthos
I will still keep my gold. The S&P was 41.00 in 1958 and 1155 today. There, of course, would have been some dividends but you would also have had to change that portfolio every time the S&P did so which would have involved countless trades commission costs etc. I have had to do nothing and it will continue to appreciate and when the market crashes under this misgovernment of Obama, no worry about that for me.
58 posted on
05/12/2010 2:22:42 PM PDT by
brydic1
To: Labyrinthos
Even better look at the ten year record. S&P as of 1-1-2000 and now. It has declined from over 1400 to less than 1150 while gold has gone from an average price of $280 to $1240
59 posted on
05/12/2010 2:34:11 PM PDT by
brydic1
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