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Re: Gold 

By: Decomposed in POPE 5 | Recommend this post (2)
Thu, 08 Aug 19 3:48 AM | 40 view(s)
Boardmark this board | Pope 5 		Msg. 37438 of 62138
(This msg. is a reply to 37437 by Zimbler0)
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Zimbler0:

Re: "gold was $1581 six years ago . . . and $1502 now . . . Add a little inflation and I think somebody lost money. And, even if it did go to $2,000 . . . 26% over six years does not sound like that big an increase."You know better than that. This is a game where money isn't made or lost until a person sells. Moreover, you've known me long enough to know that I didn't do my buying at $1,581. That was simply gold's price when I decided to note how long it would take to get to $2,000.

You ARE right, though, that it wasn't good timing. It was terrible, in fact. For starters, I am still underwater on the prediction. And, of course, 26% in more than six years isn't impressive. (Nor is it necessarily bad, depending on how much more than six years it ends up being.)

But the game isn't over, not by a long shot. I wouldn't rush to judgement just yet.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: Gold
By: Zimbler0 in POPE 5
Thu, 08 Aug 19 3:07 AM 		Msg. 37437 of 62138

Decomposed > Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013


Decomposed > Gold is now $1,502.


Hmmmmm. . . .
gold was $1581 six years ago . . . and $1502 now . . .
Add a little inflation and I think somebody lost
money.

And, even if it did go to $2,000 . . . 26% over six years does
not sound like that big an increase.

Zim.

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