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FinancialAdvisor

04/01/09 10:53 AM

#25593 RE: flota #25592

I don't know about you, but I'd rather have bought gold in 1980 and still be holding on to it, then the general "stock" market in 2000 and still be holding on to it.

Your entire argument always goes back to 1980, you pick the one year that gold spiked up enormously, actually one month for that instance (January). I don't know any one person who is invested in gold who bought it all during 1980, in fact, I don't know anyone who bought during that peak, some said they sold!!!

Any gold "investor" that I've met, buys and holds on to the stuff, not all at once, but in periods of time, so with that said, anyone who did happen to buy during that peak, was likely adding to their collection or has since then added much much more gold at well under $500 the ounce, and as a result is more then outperforming dormant CD accounts which are getting eaten away by inflation and the deteriorating faith in the U.S. dollar and the "government" that claims to back it!

$$$ GOLD $$$ is not a get rich quick scheme, it's a place to store wealth and has been since well before Jesus' time and it always will be !!!