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Re: Weekly Stock Market Observation

By: Decomposed in 6TH POPE | Recommend this post (0)
Sun, 06 Mar 22 2:55 PM | 31 view(s)
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Msg. 30060 of 58653
(This msg. is a reply to 30053 by Zimbler0)

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Zimbler0:

Re: “Clorox and McCormick also
went up.”
Well done. You're doing much better than the typical investor. I do however wonder if you've evaluated your performance versus inflation? Even now, in what's been a really good stretch for you, are you staying ahead of prices? If not, then your gains are illusory.

Gold is in that very situation. It's up, but not much over the last ten years. Relative to inflation, I expect it's down. I, however, view gold as more of an insurance policy than an investment. Its rise would be expected when things get really bad - like they are right now. Long term holders of gold WON'T get wiped out. If that's your thinking too then you're doing great.








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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:
Weekly Stock Market Observation
By: Zimbler0
in 6TH POPE
Sun, 06 Mar 22 4:40 AM
Msg. 30053 of 58653

This week . . .
My 401K went down. But my non-401K stuff went up
more than the 401K went down.

Most notably all my power companies went up. As did
Campbells and General Mills. Clorox and McCormick also
went up.

Oh, Archer Daniels Midland (ADM) also went up.

Zim.


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