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Re: Pity the rubes who watched Glenn Beck and bought gold at $800

By: DGpeddler in POPE | Recommend this post (0)
Thu, 25 Aug 11 7:54 PM | 47 view(s)
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Msg. 42064 of 65535
(This msg. is a reply to 42061 by micro)

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micro, I have always been too conservative to gamble on gold. I was moving money into T-bills through Treasury Direct until the interest rates got so low. I am now sitting on a ton of cash. Of course, over the years when I bought stock, I broke even or lost money. I am ahead on AT&T stock but only because I have collected the dividends. Trying to figure out the cost basis would probably take weeks. I have some stock that was spun off from AT&T, that was spun off from US West, that was bought by AT&T, that was sold to SBC, now AT&T. Shocked I once bought shares in a small company that was bought out by a private company that paid a fee for gas sold in the far east. At the end of 20 years I think I about got my original money back.


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The above is a reply to the following message:
Re: Pity the rubes who watched Glenn Beck and bought gold at $800
By: micro
in POPE
Thu, 25 Aug 11 7:26 PM
Msg. 42061 of 65535

DG,

check out the Chicago Mercantile Exchange.
http://www.cmegroup.com/trading/metals/precious/gold.html

Gold is $1,742. right now.

Gee, When I bought gold at $600, and again at $1,000 as well as some silver when Due was talking about silver being really undervalued, I must have made some bad decisions.

I am only tens of thousands of dollars better off because I listened to those really goofy people who said it was all going to continue to go up!

Thanks Glenn Beck for trying to help people to make some money and have some security!


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