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Re: Long-term chart

By: Decomposed in GOLD | Recommend this post (0)
Thu, 02 Jun 22 5:29 PM | 198 view(s)
Boardmark this board | Gold 		Msg. 00019 of 00028
(This msg. is a reply to 00016 by micro)
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micro:

Re: “So, with these things in mind, as the resident Gold investor and researcher, WHY should someone BUY GOLD”You shouldn't buy gold as an investment. Period. You should buy gold as INSURANCE - insurance against inflation. And since high inflation is certain, it's cheap insurance.

Let me ask you: You have a guaranteed 7 percent rate of return on one of your investments. If inflation is also 7 percent, then what is your real return? Do you think there is much chance of inflation running HIGHER than 7 percent? If so, then gold's value as an inflation hedge becomes apparent.

Does gold really function as an inflation hedge? Certainly not day-to-day. Gold could fall $50 tomorrow even as inflation worsens. What you'd find, though, is that over time, gold does a terrific job of offsetting the inevitable debasement of fiat money. If a house costs $300,000 today, or 157 ounces of gold, you could go back 100 years and buy a comparable house for those same 157 ounces of gold. The buying power of gold might go up or it might go down week by week, but over time, it stays the same. Fiat currencies, on the other hand, ALWAYS go down over the long haul, and they don't come back. Hence, gold is insurance. Not an investment.

That's not to say you couldn't catch gold on an upswing and make a lot of money. That can and has happened, as has the opposite. But, unless you know something, coming out ahead by betting on the short term ups and downs of gold requires luck.







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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:
Re: Long-term chart
By: micro in GOLD
Thu, 02 Jun 22 2:29 PM 		Msg. 00016 of 00028

Hi De!

You are officially "The GOLD Standard" ! lol!!!

Seriously, the chart is a great place to begin. I will point oiut that gold has risen $600.-$700 in 4 years.. Considering that it was around $1200 in 2018 that's not a BAD Rate of return

Around 32 percent over 4 years. That is 8 percent per annum.
That said, its expensive to get into because of the cost per ounce . Zim might could buy 100 ounces as an initial buy but he has wisely invested in sticks that pay dividends, which is the gift that keeps on giving.. I like that move..

I do not own gold or silver.. I have thought about it but can't quite seem to pull the trigger...

I am guaranteed a minimum 7 percent annual increase on my investments.. It matters not what the markets do, its seven percent per annum at the low end.


So, with these things in mind, as the resident Gold investor and researcher, WHY should someone BUY GOLD and what do you do with it if you buy Physical gold when you want to sell it?

I mean, I can't go to the store and use Gold coins to pay for things.. And I need to worry that my own government would likely try to confiscate my physical gold as it has become more of a tyranny than a government.


Anyway, I have bookmarkeed tis site and look forward to reading more.. As you know, I am not a huge poster due to time constraints.

Best wishes on this new board De !!

micro...


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