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Gold is Silver and other interesting facts for the bullion investor.
Olympic factoids:
Composition of the medals given to the winners of the 2012 Olympics. The medals are made by the Royal Mint and interestingly from PMs mined from near Salt Lake City, Ut and a mine in Mongolia.
The Gold Medal mostly silver.
- Silver - 11.735 t oz
- Gold - 0.193 t oz
- Copper - 1.02 oz
- Melt value ~ $636.11
- Silver - 11.895 t oz
- Copper - 1.06 oz
- Melt value ~ $327.11
- Mostly copper then tin & zinc
- Melt value ~ $3.00
Metal prices since the last olympics:- Gold Jul 30, 2008 - $898
- Gold Jul 30, 2012 - 1618.92
- Gold Gain - 80.38%
- Silver Jul 30, 2008 - $17.10
- Silver Jul 30, 2012 - $27.06
- Silver Gain - 58.25%
You would have done very well for yourself by avoiding the stock market over the last 4 years.Last edited by fatima; Yesterday at 01:06 PM.
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Treasure Hunter
You would have done very well for yourself by avoiding the stock market over the last 4 years.
That's true for the buy and hold and index investors. But for value investors and traders, there were incredible opportunities to make profitable investments in the first half of 2009. Like everything else, people who expect to make money by doing nothing should not be surprised when that strategy fails. -
7070 56.98 pct complete
You would have done very well for yourself by avoiding the stock market over the last 4 years.
Indeed.I hate it when I make money.
"We're going broke, we're mired in debt, we don't have as many scientists as we want or need, and jobs are going overseas. I assert that these are not isolated problems, that they are the collective consequence of the absence of ambition that consumes you when you stop having dreams." - Dr Neil deGrasse Tyson
Come chat with us. -
That's true for the buy and hold and index investors.
For physical bullion, IMO, this is the only kind of investing that one should be doing. This is why I compared it to the S&P 500 as it is the defacto standard for buy & hold equity investors. Certainly there are other investments that are higher risk and most likely beyond the time and ability of most people to be successful in. -
Treasure Hunter
For physical bullion, IMO, this is the only kind of investing that one should be doing. This is why I compared it to the S&P 500 as it is the defacto standard for buy & hold equity investors. Certainly there are other investments that are higher risk and most likely beyond the time and ability of most people to be successful in.
The day will come when the bullion faithful will lose a large percentage of their investment value. While it might be true that a lot of it is past profit, similar to long term stock market investors, it will hurt a lot nonetheless. This was true for PMs and bonds in the 70s, real estate at various times and places, the tech stocks in the 1990s, and it will happen again. Every investment has its day, and all days end. -
The day will come when the bullion faithful will lose a large percentage of their investment value.
Maybe, I'm thinking maybe not. The late 1970s were an aberration given the volatility of those first few years after Americans could legally own gold again after decades of not being able to. Even during the 1970s we are only talking about a short term bubble. Any buy and hold investor who bought early in the 70s did quite well for themselves.Outside of this period, gold has been used to maintain wealth for over 300 years. Far longer than any financial instrument cooked up in the last just 40 years.
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Treasure Hunter
Maybe, I'm thinking maybe not. The late 1970s were an aberration given the volatility of those first few years after Americans could legally own gold again after decades of not being able to. Even during the 1970s we are only talking about a short term bubble. Any buy and hold investor who bought early in the 70s did quite well for themselves.
Outside of this period, gold has been used to maintain wealth for over 300 years. Far longer than any financial instrument cooked up in the last just 40 years.
While the folks who bought gold in the early 70s did okay, those who bought in the late 70s did not. The same can be said today. Those who bought a decade ago have done okay, but those who buy today may not. And those who continue to hold, as those in the 70s did, may have to watch half or more of their value melt away after the top, and wait a very long time to get it back. I don't think this will happen soon, or I wouldn't own PMs. In fact, I think a bubble is probable and I hope to have the mental fortitude to sell into the rise and not get greedy. But I consider the eventual crash to be an inevitable outcome. The fact that gold can't go to zero is irrelevant to the investor seeking a high rate of return on their investments.
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