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Re: Gold

By: DGpeddler in POPE 5 | Recommend this post (0)
Thu, 08 Aug 19 5:07 PM | 32 view(s)
Boardmark this board | Pope 5 		Msg. 37473 of 62138
(This msg. is a reply to 37438 by Decomposed)
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You should buy one ounce. Then when it
gets to $2,000 or higher, you can brag
about the mm money you made


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The above is a reply to the following message:
Re: Gold
By: Decomposed in POPE 5
Thu, 08 Aug 19 3:48 AM 		Msg. 37438 of 62138

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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