Imagine if you bought gold in 1980!
 

You'd have started making your money back now.

:1orglaugh:1orglaugh

You sir know nothing about gold. It will continue to rise and someday be $1 million per ounce. Then you will be sorry.

Orange juice and Pork bellies

Gold from the very early 1980s how I remember it :pimp

Yum, sounds good

yeah just 300%, now calculate you put that money on bank, and see how much would you have now...:1orglaugh

Here is an interesting thing. around 1980 when gold was $600 per ounce if you invested $10,000 that $10K would be worth around $30K today so you would have a nice 20K profit.

Had you invested that $10K in silver at that same time that $10K would now be worth $82K for a far $72K profit.

Maybe silver is the real investment.

I think it's at a price now like housing is around here that it just can't go up the way it has.. My uncle bought a house in 1980 for $50k, now it's worth around $300k.. so 6x.. But in 30 years, is it going to be worth $1.8M ? Yeah right.

http://www.skepticmoney.com/wp-conte...old-vs-dow.jpg

:2 cents:

Silver is bigger news, three times better than gold investment.

I bought gold when it was less than $500/ounce and sold it two years ago. I should have held on a bit longer obviously, but I can't complain. Anyone keeping or going into gold now is crazy.

I have silver somewhere. I thought it would be nothing worth. May be I should search for it.

instead...

Imagine if you had bought domain names back then... brown.com, blue.com, computers.com, cars.com, auctions.com, etc... would have made your gold dream a nightmare.

Still made good cash,started to buy in 2006:)

imagine if you had started a porn site in 1980 and cashed out end of 2005? :2 cents:

Imagine if you would have bought Apple's share back in 1994...

Imagine you created a time machine and went back to 1950 with a sports almenac and placed a bunch of bets....

a nightmare of tripling your money? yeah.. frightening shit man...

exactly. people get all excited that their gold investment or stocks made 1200 in the past year. wowie...there are much better places to put your money that can return much better than that.

Actually not since gold at it's peek in 1980 is equivilant to $2300 in today's money.

Gold at it's peak in 1980 was $850 an ounce. Those fuckers got screwed big time. Just like anyone dumb enough to buy gold now. If you bought gold 10 years ago when it was $250 an ounce yeah you're doing ok now.

I can't imagine that, I've had no interest in gold in my early childhood...

If you put $10,000 in a relatively low yield safe investment returning just 4% per year 30 years ago, it'd be worth $32,433.98 today. That's the magic of compound interest. :2 cents:

I'd still take 1999 conversion ratios and ctr %ages again in 2011 over gold bought 30 years ago...

Yes but doesn't inflation eat an average of 3% per year?

i'm rich biatch

It would be the same for the value of gold though so it's not really a factor. Inflation doesn't actually take money out of your bank account.

It will continue to rise until there is stability and confidence in the currencies of the world, especially the USD, and that isn't going to happen anytime soon. As the USD goes, gold is only going to rise. Print more money, dollar value goes down, gold goes up.

History... know your history. And also know the reasons why people / countries hold gold, and continue to buy it even though it is at a record high. The Central Banks have bought more gold in the first half of this year than they did all of last year combined. Countries are stock piling it in tons and are buying even though it's high. And though it is unlikely, they probably know something the brilliant webmasters at GFY don't know.

What I would like to know is, all of you who think gold is a terrible buy, what exactly do you have to buy a new currency should the USD collapse and a new currency is issued? You think they are just going to drive through the streets tossing out free money? Lets hope nothing like that ever happens, but the path the USA is on is unsustainable. Something will give sooner or later. Pray to your god it's not a currency collapse. If you know anything about currency and history, you would know a new currency method is introduced every 25 - 40 years or so. We went off the gold standard in 1971, so we're do. No telling what is next, but there is a good chance dollars won't be worth very much when you try to cash them in for whatever is next.

Most of you have health insurance, car insurance, and home insurance, yet you do not have currency insurance. That's where precious metals come in. Doesn't hurt to own a little bit of it, nor is it crazy. Just in case. After all, isn't that why you insure everything else in your life? Just in case the worst happens.

Gold is up 17% in 2011 alone (and rising). Hardly a stupid investment. Even if you got in now, it's going to rise a lot more before it's all over. But like anything else, real state, stocks, other metals... all of it carries risk. But then again, so does holding onto a falling currency. That's just the way it works.

Just spend some time reading up on history, money, currency, and gold. No need to take anyone's word for it, see what happened in the past and you will clearly see what may be coming in the near future. Plan for the worst and hope for the best. That's all you can do.

Deceptive. That doesn't show percent increase. Of course the DOW is going to look like it's out performing gold because of the scale. That's not to say that it didn't, but the graph is deceptive. It should have the DOW price on one side and the price of gold on the other.

I'd still take stocks over gold any day.

Correction, I just read 28%. It was 17% last I was reading about it.

Silver 31%.

Any that are catching your eye right now? I think HOU is a good buy at under $5.

I was 6.

Gold or a BMX?

Greys. Sports. Almenac.

:1orglaugh

When I was in the 5th grade, my neighbor (same age) was into collecting shit. He had every toy that turned out to be worth a lot, rare plates, coins, you name it. I thought he was an oddball when I was young, but as I got older I realized just how smart he was. No idea how he got turned onto collecting things at such a young age.

1980-2010 yearly interest rate added together = 209.3
209.3 divided by 30 years = 6.976 average yearly rate


http://swanlowpark.co.uk/bank0604.jsp


http://www.moneychimp.com/calculator...calculator.htm

http://ooaz.com/gfy/compounded.jpg


:hitit

They were rocking in 1990 @14.23%

I like more the idea of buying domains back in 1980 ))) google, facebook, gfy )))

In 1987-1989 I had 10k in savings with monthy compounded interest.

My Manhattan apartment rent was $600 a month.

I withdrew $700 a month from savings every month and never touched
my principal. :winkwink:


I didn't know how good I had it!!!!!!!!!!!

:Oh crap

Disclaimer : I corrected a Freudian slip spelling which was "aratment". :uhoh

10k or 100k?