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Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
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In Reply to: I agree with Warren Buffet ... posted by reelsmith. on March 7, 2024 at 10:21:19:
Gold is a lousy investment unless you have a LOT of time to deal with.
In August 2011, gold hit an all time high of $1,829 an ounce. It never hit that price again until June of 2020. And in that nine year down gap it dropped by as much as $700 an ounce from that high in 2011.
Only reason to own gold is jewelry.
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Follow Ups
- I agree with you and Warren. - Sondek 03/7/2410:32:02 03/7/24 (2)
- The only way to invest in gold that makes sense ... - reelsmith. 11:13:48 03/7/24 (0)
- You have to really watch out for scammers, too. - ghost of olddude55 10:54:48 03/7/24 (0)
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