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Gold Is the Worst Investment in History
Daily Finance ^
| February 5, 2015
| Brian Lund
Posted on 02/24/2015 12:07:38 PM PST by C19fan
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My only reason for posting this is to see the reactions. I guess that is a definition of being a troll. :)
1
posted on
02/24/2015 12:07:38 PM PST
by
C19fan
To: C19fan
Over the long haul, gold hasn’t been great.
But, in times of turbulence, it has been salvation.
To: C19fan
Nah....you aren’t subversive : )
3
posted on
02/24/2015 12:09:25 PM PST
by
stephenjohnbanker
(My Batting Average( 1,000) (GOPe is that easy to read))
To: Pearls Before Swine
Investing is easy.....buy low, and sell high : )
4
posted on
02/24/2015 12:10:15 PM PST
by
stephenjohnbanker
(My Batting Average( 1,000) (GOPe is that easy to read))
To: C19fan
As opposed to fiat currency which is ALWAYS a safe bet.
5
posted on
02/24/2015 12:10:57 PM PST
by
WayneS
(Barack Obama makes Neville Chamberlin look like George Patton.)
To: C19fan
And a hammer is the worst screwdriver in history.
6
posted on
02/24/2015 12:11:51 PM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: C19fan
The gold miners make good money in the long run by adjusting their production rates, costs and selling future production (dangerous).
7
posted on
02/24/2015 12:13:07 PM PST
by
JimSEA
To: C19fan
What if you bought it 30 years ago and still have it?
8
posted on
02/24/2015 12:14:45 PM PST
by
ltc8k6
To: C19fan
9
posted on
02/24/2015 12:15:54 PM PST
by
E. Pluribus Unum
(If obama speaks and there is no one there to hear it, is it still a lie?)
To: stephenjohnbanker
Or sell high, and buy low...!!
10
posted on
02/24/2015 12:16:41 PM PST
by
Osage Orange
(I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
To: C19fan
To: C19fan
I am investing in big stacks of one dollar bills. I like them because they stack up higher so it looks like more.
12
posted on
02/24/2015 12:17:22 PM PST
by
palmer
(Free is when you don't have to pay for nothing. Or do nothing. We want Obamanet.)
To: C19fan
Why did FDR confiscate gold?
13
posted on
02/24/2015 12:18:47 PM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: C19fan
I actually did pretty good in my opinion, the only time I tried it out. Bought low sold high. Of course I could have done the same or even better with stocks but I didn’t complain.
14
posted on
02/24/2015 12:18:52 PM PST
by
bkepley
To: C19fan
Well, I really don’t know if gold is a bad investment. However, I stop reading after the first sentence. “ $1 investment each in stocks, bonds, T-bills and gold, beginning in 1802 to and ending in 2006”
Sorry, I really don’t think starting back over 200 years ago, and then choosing to end in 2006, (right before the huge run up in gold) is any kind of accurate reading on an investment.
The government also had a price fix on gold for many of those years. Why not just do the last 20, 30, 40 years, and see how the numbers come out then?
It just sounds like he is pushing a agenda. Why? I have know idea.
15
posted on
02/24/2015 12:18:53 PM PST
by
kara37
To: C19fan
well, he does call it a thesis, so it must be fun with numbers time
"With a $1 investment each in stocks, bonds, T-bills and gold, beginning in 1802 and ending in 2006, Siegel calculated what those assets would then be worth."
great...assuming the numbers are real, ( though probably adjusted for inflation) and it might hold true over time, but which time ? it's still not today's reality. Gold was 19 bucks an ounce in 1802 and 635 in 2006.
16
posted on
02/24/2015 12:22:33 PM PST
by
stylin19a
(obama = Eddie Mush)
To: C19fan
Gold is not an offensive investment. By that, I mean that gold is not designed to grow. Now it can grow, but generally speaking, it is not growing so much as other assets that gold is traded for are falling. Gold is a defensive investment, meaning that it is designed to retain it’s value.
Understanding that simple difference is important.
To: stephenjohnbanker
Investing is easy.....buy low, and sell highOh man, so THAT's been my problem all these years.......:-)
To: C19fan
Can’t eat it if you’re hungry. It won’t warm you if you’re cold or shelter you from the elements. It can only buy those things when they are in reasonable supply. Who wants to be found dead of starvation or exposure with a cache of gold?
It would make a good lead substitute for ammo, I suppose...
19
posted on
02/24/2015 12:28:50 PM PST
by
JimRed
(Excise the cancer before it kills us; feed & Ifwater the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
To: C19fan
If this guy should happen to be your financial advisor you are so screwed. :-)
20
posted on
02/24/2015 12:29:40 PM PST
by
Georgia Girl 2
(The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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