Gold

Discussion in 'Stock Market' started by uscitizen, Jan 4, 2011.

  1. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Why the fuck would you talk about this years gain in relation to purchases you made 15 plus years ago?
    1200 > 1500 is a 25% gain.
     
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  2. Picaro
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    Picaro Gold Member

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    Because I never paid $1,200 an ounce for it, dumbass. Doesn't matter if I purchased it 15 hours ago or 15 years, it's about an 80% gain based on my purchase price, compared with the base line values cited, which already account for much of the inflation factors since my last new purchases. That's one of the reasons gold is used as a hedge. Whether or not $1,500 is a new rough baseline or not remains to be seen.
     
  3. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Real people say, "My gold went up 25% this year" only an idiot talks about their cost basis from 20 years ago
    and says, "Based on my purchase price, 20 years ago, I'm up 80% this year".

    But based on previous experience, you always sound like an idiot when talking about markets. I should learn to ignore your idiocy.
     
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  4. Picaro
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    Picaro Gold Member

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    Don't worry too much about your lack of functioning frontal lobes, Todd; you're why the govt. Came up with Social Security, so you poor losers can still buy at least some of your meds and your family can tale care of you without letting you die in a park somewhere next winter.
     
  5. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Tell me again about negative interest bonds. Always a good one.
     
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  6. Picaro
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    Picaro Gold Member

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    You still don't get them, do you. lol
     
  7. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    I'm still laughing at your silly errors.
     
  8. KissMy
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    KissMy Free Breast Exam

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    The dollar is not actually getting stronger except against other worthless fiat currencies. Prices are rising allover the place! Fed window is open for 6 more weeks. US dollars are getting printed, deficit & debt is exploding & lending multiples are increasing!
     
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    Last edited: Sep 23, 2019
  9. Pavel Svinchnik
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    Pavel Svinchnik Active Member

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    If your $350 investment takes 20 years to be worth $1,500, I calculate the annual compound increase at about 7.55%. Not a bad rate of return. Gold and silver have I some, just as insurance in case of financial disaster. I'll trade my Mercury Head dimes to the locals in return for hay for my sheep.
     
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  10. KissMy
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    KissMy Free Breast Exam

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    In an awful farm economy thanks to trade tariff, a well used John Deere R4045 cost $435,000, 10 years ago I bought one for $59,000. Over that same time period the $1 McDouble at McDonalds, doubled to $2 today! But there is no inflation! Move along, nothing to see here!
     
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    Last edited: Sep 24, 2019

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