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Old 08-22-2011, 06:27 PM  
woj
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Join Date: Jul 2002
Location: Chicago
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Quote:
Originally Posted by Deputy Chief Command View Post
is there something I am missing here ?


those that bought for $800 an ounce are now sitting on a whole lot of money


just fyi , seems you dont know, so let me tell inform you , gold is $1900 an ounce right now .. so after some complicated calculations I come to the conclusion that if you bought at $800 in the eighties and you would sell it right now at $1900 you will make a nice profit .. I could be wrong though !
$800 -> $1900 in 31 years, is not even 3% annual return... so:
a. you could have bought risk-free treasuries and you would have ended up with a better return
b. you could have bought dow in '80, with reinvested dividends, you would have had close to 10% annual return
c. if you adjust for inflation, $800->$1900 in 31 years means you actually lost $$
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Last edited by woj; 08-22-2011 at 06:31 PM..
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