Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
Replies to Msg. #1206649
.
 Msg. #  Subject Posted by    Board    Date   
00019 Re: Long-term chart
    		Decomposed   GOLD   02 Jun 2022
 4:50 PM

The above list shows replies to the following message:

Re: Long-term chart

By: micro in GOLD
Thu, 02 Jun 22 2:29 PM
Msg. 00016 of 00028
(This msg. is a reply to 00015 by Decomposed)
Jump to msg. #  

Hi De!

You are officially "The GOLD Standard" ! lol!!!

Seriously, the chart is a great place to begin. I will point oiut that gold has risen $600.-$700 in 4 years.. Considering that it was around $1200 in 2018 that's not a BAD Rate of return

Around 32 percent over 4 years. That is 8 percent per annum.
That said, its expensive to get into because of the cost per ounce . Zim might could buy 100 ounces as an initial buy but he has wisely invested in sticks that pay dividends, which is the gift that keeps on giving.. I like that move..

I do not own gold or silver.. I have thought about it but can't quite seem to pull the trigger...

I am guaranteed a minimum 7 percent annual increase on my investments.. It matters not what the markets do, its seven percent per annum at the low end.


So, with these things in mind, as the resident Gold investor and researcher, WHY should someone BUY GOLD and what do you do with it if you buy Physical gold when you want to sell it?

I mean, I can't go to the store and use Gold coins to pay for things.. And I need to worry that my own government would likely try to confiscate my physical gold as it has become more of a tyranny than a government.


Anyway, I have bookmarkeed tis site and look forward to reading more.. As you know, I am not a huge poster due to time constraints.

Best wishes on this new board De !!

micro...