gold, page-48390

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bilbo35

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09/02/19

16:04

Post #: 37386200
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Originally posted by Skol: ↑

I can look at any time period you like, name one and we'll compare gold with the stock market, dividends reinvested.

You'll be surprised what a lousy bet gold is, otherwise people would own it, but most would prefer to own something useful that provides a dividend like property, shares, bonds, farmland etc. Why do you think Bill Holter , Jim Sinclair and all the other gold hawkers promise outsized returns on their gold advertisements? You won't need to be Albert Einstein to figure that out.

Well you need to tell me where these places are I can trade gold without question. The banks, at airport foreign exchanges? Where?

Precious metals are pretty much worthless, they're illiquid, don't provide a dividend, are dangerous to store at home, expensive to store in a secure facility, and they're digging more of it out of the ground every day, and since it doesn't get used up the price has to decline.

Gold forum poster ourlady likes to store his silver coins in the sewer, a pretty tricky and unhygienic business.

Anyway, give me a time period to compare gold with the DJIA which you buy at minimum cost through an ETF and we'll compare.

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Gold mining stocks pay dividends...Sold NCM $44.....Gold has held value over the years. Was 25USD an ounce 1913 and 35USD an ounce 1933....
1314 USD per ounce 2019. One USD now worth 4 cents of a USD in 2019 due to inflation year on year since 1913!

Still denying inflation!
Even my Gold holding is up 8%...Bank interest 2%....Taxed on both. CGtax Discount on Gold held 12months. Bank Interest straight to income!
Calculate your Stocks/Dividends "inflation" adjusted....You know purchasing power of the Dollar...Gold Holding up nicely...
Printing money does not increase purchasing power!

IMO!
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gold, page-48390

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