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Re: Metals

By: CTJ in 6TH POPE | Recommend this post (0)
Thu, 07 Dec 23 4:01 AM | 29 view(s)
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Msg. 48086 of 60008
(This msg. is a reply to 48069 by Decomposed)

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I bought Silver in 1987, when I could have bought Gold.




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The above is a reply to the following message:
Metals
By: Decomposed
in 6TH POPE
Wed, 06 Dec 23 8:45 PM
Msg. 48069 of 60008

I stuck a bunch of 10-year metal charts together to see how they compared. Most haven't much moved from where they were a decade ago - which is strange considering how much weaker fiat currencies (all of 'em) have become. Even silver hasn't done all that well. Gold has, though, which reflects the fact that it isn't an industrial metal, I think. Gold reversely correlates to the dollar's prospects. Everyone knows it.



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