Posted by
ezpz
16 yrs ago
I bought some gold bullions couple of weeks back and the pricing has been dropping drastically since. I probably bought it at a high around US$850.
In times like this, isn't Gold the only safe commodity to invest? If so, why are the prices not rising?
Any advice?
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the US dollar will probably fall by 30% right now. Dollar and gold are being manipulated.
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Gold is a lousy speculative investment. Invest in a diversified portfolio of mutual funds over many years and don't worry about inflation.
Gold has increased in value at the rate of 1.47%/year since 1988. Gold is currently very near its high for the period . . .
If you had bought it at its lowest point since 1988 you would have made over 100% as of today.
If you bought an S&P 500 fund at its lowest point since 1988, you would have made over 600% as of today .
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