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In Reply to: all I am saying is that it is a hedge for fiat currency posted by bullethead on March 24, 2013 at 09:18:23:
Gold and silver tend to move up with inflation. That is a poor return. Most investors try to do better than match the rate of inflation. Very few people, if any, have gotten rich by buying gold or silver. But YMMV of course.
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Follow Ups
- you are more or less correct... - tunenut 03/24/1310:56:01 03/24/13 (18)
- if you bought in 1999 - bullethead 12:36:42 03/24/13 (17)
- and if you bought in 1980, - tunenut 17:37:55 03/24/13 (1)
- yep, thanks - bullethead 18:21:33 03/24/13 (0)
- {{{You would be a.o.k.}}} - How so? - three_sox 16:24:45 03/24/13 (14)
- Sox invests $20k in 1999, cashes out now for his golden years (no pun intended) - bullethead 19:15:43 03/24/13 (13)
- Anyone invests $13,000 in Buffet's co. in 1965 cash out in 2012 with $135,000,000. nt - Elizabeth 17:53:47 03/26/13 (3)
- RE: Anyone invests $13,000 in Buffet's co. in 1965 cash out in 2012 with $135,000,000. nt - Inmate51 10:39:06 03/27/13 (2)
- That would buy me a car or keep me for six months LOL - three_sox 20:35:19 03/24/13 (8)
- WOW! 6 Months? - bullethead 20:45:24 03/24/13 (7)
- Good luck with your gold ... - three_sox 21:00:07 03/24/13 (6)
- thanks, that would last me 4 years - bullethead 21:03:59 03/24/13 (5)
- That's $2.85 per hour... - three_sox 21:11:48 03/24/13 (4)
- that's the net net - bullethead 21:18:27 03/24/13 (3)
- We live in different economies ... - three_sox 21:29:45 03/24/13 (2)
- it's not that bad - bullethead 21:38:18 03/24/13 (1)
- The main thing is ... - three_sox 21:46:48 03/24/13 (0)