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-   -   Imagine if you bought gold in 1980! (https://gfy.com/showthread.php?t=1034743)

DWB 08-19-2011 12:15 PM

Quote:

Originally Posted by blackmonsters (Post 18366602)
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!!!!!!!!!!!



Where is a crystal ball when you need one?

martinsc 08-19-2011 12:18 PM

Quote:

Originally Posted by RyuLion (Post 18366547)

:thumbsup:thumbsup

blackmonsters 08-19-2011 12:21 PM

Quote:

Originally Posted by JamesGw (Post 18366614)
10k or 100k?

10k.

Look at the gooddamn charts and links I posted.


:helpme

JamesGw 08-19-2011 12:29 PM

Quote:

Originally Posted by blackmonsters (Post 18366632)
10k.

Look at the gooddamn charts and links I posted.


:helpme

So maybe I'm tripping out, but doesn't 14.23% on 10k compounded monthly only yield a little over 1.5k a year? I was under the impression that all of the rent money came from interest on your savings.

Maybe I'm missing something.

blackmonsters 08-19-2011 12:30 PM

Quote:

Originally Posted by DWB (Post 18366617)
Where is a crystal ball when you need one?

So true, especially considering that I had been offered a job in the
World Trade Center but decided to move to LA instead.

I went broke in LA.

But I could still be in Manhattan now with the same savings account as the government
searchs for my surving relatives to give it to.

So my "fuck up" might have been my blessing to stay out of 911.

blackmonsters 08-19-2011 12:33 PM

Quote:

Originally Posted by JamesGw (Post 18366648)
So maybe I'm tripping out, but doesn't 14.23% on 10k compounded monthly only yield a little over 1.5k a year? I was under the impression that all of the rent money came from interest on your savings.

Maybe I'm missing something.

I'm getting old.

My memory is bad.

Yeah you are right.

Sorry.

blackmonsters 08-19-2011 12:34 PM

Fuck my memory is bad.

borked 08-19-2011 12:58 PM

Quote:

Originally Posted by LuckyMax (Post 18366080)
Imagine if you would have bought Apple's share back in 1994...

94 was good, but I was telling everyone back in nov 08 to buy - it was hovering around 98-100 during the crisis and everyone was saying sell sell sell!
I made quite a lot of money in 6 months on very little investement during that crisis. The same crisis is happening now - buy solid banking stocks like SOCGEN (CAC40).... they are rock bottom but for sure will go up as it is the major govt-backed bank.....

WarChild 08-19-2011 01:02 PM

Quote:

Originally Posted by blackmonsters (Post 18366663)
I'm getting old.

My memory is bad.

Yeah you are right.

Sorry.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Yeah you couldn't remember if you had 10K or 100K.

More likely you're a liar that's not too good at math and you got caught. :1orglaugh:1orglaugh

GatorB 08-19-2011 01:08 PM

Quote:

Originally Posted by signupdamnit (Post 18366387)
Yes but doesn't inflation eat an average of 3% per year?

So? If you had let that $10k sit in under your mattress it would still be $10K today. If you bought $10k worth of gold in 1980 it would only be worth $21K today. So an investment that only yeilded 4% would have been the better choice. Of course in the 80's you could get 5% on a savings account and 10% on a 1 year CD.

Pretty_Lara 08-19-2011 01:51 PM

Quote:

Originally Posted by kane (Post 18365628)
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.

My friend invest in gold 250k in 2002 the price was about $300-$350
Now $1850 more in 6 times Who wanna be millionaire ? 250x6 = $1.5 million He sell little yesterday and people buying smal bars, because in the bank telling we cannot sell now ;)
price up and who How we live in future ....
COOL :D

blackmonsters 08-19-2011 06:20 PM

Quote:

Originally Posted by WarChild (Post 18366755)
:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Yeah you couldn't remember if you had 10K or 100K.

More likely you're a liar that's not too good at math and you got caught. :1orglaugh:1orglaugh

No, I remembered that I had 10k and not 100k.

The $700 a month was actually $70 a month I took out and I remembered paying
my rent without working and I thought it was from that, but I now remember that
the rent money which was actually $850 a month and not $600 was coming for a TV commercial I worked in. My rent went down to $600 after the commercial money
ran out and my landlord gave me a break because I had lived there a while and
people were losing jobs and moving out.
I had to think about it to remember the facts correctly.

So fuck off.

It was 30 years ago.

I just typed what was in my mind at the moment as how I remembered it.

woj 08-19-2011 06:32 PM

Quote:

Originally Posted by JamesGw (Post 18366461)
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.

How is that deceptive, it looks to me like comparison of $1000 invested in 1980 in gold vs $1000 invested in dow?
Price of gold doubled in that timeframe, while dow went up 10x+...

blackmonsters 08-19-2011 06:36 PM

Quote:

Originally Posted by blackmonsters (Post 18367398)
No, I remembered that I had 10k and not 100k.

The $700 a month was actually $70 a month I took out and I remembered paying
my rent without working and I thought it was from that, but I now remember that
the rent money which was actually $850 a month and not $600 was coming for a TV commercial I worked in. My rent went down to $600 after the commercial money
ran out and my landlord gave me a break because I had lived there a while and
people were losing jobs and moving out.
I had to think about it to remember the facts correctly.

So fuck off.

It was 30 years ago.

I just typed what was in my mind at the moment as how I remembered it.


Ok, I was wrong again. I now remember that the commercial money had stopped
a year or two before that.

I was actually "working". I was in an off Broadway play that failed and then
my rent went down to $600.

That part, I didn't even want to ever remember. :(

I then went on unemployment for the first time.

Now that's correct.

Thanks for reminding me.....not.

:1orglaugh

Dvae 08-19-2011 07:27 PM

Apple vs Gold not even close
And this only shows back to 1999, I think the low was sometime in 1997 for Apple.

Lets see 500% vs 3700%...

http://i143.photobucket.com/albums/r...le_vs_Gold.jpg

digitaldivas 08-19-2011 07:30 PM

I was like 8 years old in 1980 :(

campimp 08-19-2011 08:10 PM

imagine if it were 2030 and you were reading a thread with the title imagine you bought gold in 2011


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