Quote:
Originally Posted by Brujah
Imagine how much money you could've made if you invested in practically ANYTHING ELSE but Gold since 1965.
"According to Wharton professor Jeremy Siegel, a dollar invested in gold in 1802 was worth $1.62 by 2005. Treasury bills during that time turned a dollar into $293 and stocks turned it into more than $666,000. Since 2005, gold has run up and stocks have plunged, but that has merely put the result closer, not close: something like $2.80 for gold and $420,000 for stocks."
http://www.smartmoney.com/investing/...ay-investment/ |
I see what you're trying to say but it doesn't apply. It's not about when you started, its about when you got in, got out, got in, and then got back out.
Quote:
Originally Posted by qwe
+1... if you invested in stocks over past 5-10 years you'd make ALOT more money then investing in gold...
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Or you lost it all if you didn't know what you're doing, as most people don't.
Hey, if I would have been an astronaut instead of a pornographer, I'd be famous. This is essentially what you're saying. Those who buy and sell gold properly, make money. Those who gamble in the stock market, gamble.