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    NobleMetalWorks's Avatar
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    Quote Originally Posted by auminer View Post

    So... an unfortunate soul who bought gold at $850/oz on Monday, 21JAN80, versus a conservative saver who bought 6-month CDs with those same 850 bucks and reinvested their interest..... which would you rather be?

    Better yet, the S&P500 closed at 112.10 on 21JAN80. It closed at 1502.42 yesterday. I don't think there was such a thing as SPDRs in 1980, but a broad investment in S&P500 companies would have turned $800 into $10,722.

    As always, past performance is not indicative of future returns, yadda-yadda-yadda... and these figures are for an extreme circumstance, but the numbers say gold has not historically been a wise investment long term.
    No matter what investment I put up as being a good solid investment, someone else could come along and present something better. We could even talk about real estate in other countries that has made leaps and bounds against the performance of real estate in western countries.

    I purchased AOL stock way back in 91 I think it was, when it went public. I sold right away, if I held onto it I could have made $100k off every $1k I invested. But what is it worth today?



    Sure I could have invested in something that would have performed well, or I could have invested in something that performed poorly, or still something else that had it's up and downs and be down right now. My point in saying gold is never a bad investment is that it has always increased in value. It cannot be a bad investment, and besides being a good investment, you can actually exchange it for goods and services, I do all the time, whenever possible myself.

    I still stand by what I said, precious metals are still the best investment, maybe not so far as maximum profit is concerned, by more so in terms about what might be in the best interest if everything goes to crap. Not only are precious metals a good solid long term investment, but it's protection against the total devaluation of paper money.

    Then add to these facts how I obtain the precious metals I hoard, through recycling e-waste/i-waste at or around 25%-50% of it's real value, and the fact I purchase much of this by trading precious metals for recyclable goods, I pass on this opportunity to others who then can protect their own futures if they so choose. Or wait until the precious metals become worth more than their exchanged value, and make more profit in doing so.


    Scott

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