Are you "invested" in gold or do you "have" gold as an investment. Big difference. Just curious.
Are you "invested" in gold or do you "have" gold as an investment. Big difference. Just curious.
My necklace went up
My necklace went up
i own gold. sure comex went up $70.. so... compared to stock market its considered slow and steady. Reality will prove otherwise.
i own gold. sure comex went up $70.. so... compared to stock market its considered slow and steady. Reality will prove otherwise.
If the entire economy of the Western world collapses, gold may prove to be a good investment. But when was the last time the economy of the entire Western world collapsed? It was 1929, right? And when it happened, the dollar didn't inflate. It didn't disappear. Those who held dollars were unhurt by the collapse of the stock market, in the sense that their dollars did not lose value. The last time the currency became worthless in the United States was ... never. Not in two and a half centuries. So maybe it is going to happen soon, but history says we shouldn't worry too much about it.
If the entire economy of the Western world collapses, gold may prove to be a good investment. But when was the last time the economy of the entire Western world collapsed? It was 1929, right? And when it happened, the dollar didn't inflate. It didn't disappear. Those who held dollars were unhurt by the collapse of the stock market, in the sense that their dollars did not lose value. The last time the currency became worthless in the United States was ... never. Not in two and a half centuries. So maybe it is going to happen soon, but history says we shouldn't worry too much about it.
When the margin call happens everyone is going to have a bad week except for maybe people in negative equity funds. Still, 3.77% swing is pretty decent.
When the margin call happens everyone is going to have a bad week except for maybe people in negative equity funds. Still, 3.77% swing is pretty decent.
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