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Old 10-10-2011, 13:15   #196
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Re: How to Invest?

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Originally Posted by 70AMX View Post
Since the deal was to come back in 6 months and check prices again we will have to wait for October 3 2011 for the results
April 3 2011 Gold was $1430
Gold 2011 high (so far) about $1930
Right now about $1640 which is still a 15% gain. The Dow which was about a thousand points higher on April 3 2011 than it is today.
It was obvious in April that the economy was going down much further and today the average joe is starting to see it too.

Gold, the only real money and the best investment class of the last 11 years.
Several things will have to happen in order for Gold to drop.

1. A stable monetary policy, (one nation not enough, if only one does it a severe currency and trade imbalance will result).
2. A stable economy, (stock and bond markets), for Wall street to get back "smart money".
3. A period of low, (no inflation), to regain confidence in currency.

I don't see any of these things happening in the near future, maybe in 10-20 years if we don't make any major changes, or the system doesn't go under completely.
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Old 10-10-2011, 13:48   #197
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Re: How to Invest ?

Geez. While I own some gold myself it carries plenty of risk. If you bought gold at the last big peak in 1980 you lost about 70% (even more if inflation adjusted) and had to wait over 20 years to get back even.

When gold collapsed in 1980 none of the 3 conditions you require for a drop today were true. Gold dropped even though inflation was over 13% in the US, monetary policy was all over the place, and the financial markets were in stagflation.

Carl
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Old 11-10-2011, 08:25   #198
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Re: How to Invest ?

Some things happened in the 80's. The cold war "ended", oil dropped, inflation reduced, The semiconductor industry, and the PC caused vast improvements in productivity, and dramatic drops in cost of consumer items, (like TV's). There where a lot of new investments to put your money in, and it no longer appeared like the dollar was going to collapse, or the world was going to subjugated by communism.

As unstable as the ecomonic markets were in the 80's they were a vast improvement over the 70's. .
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