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<p>[QUOTE="Cloudsweeper99, post: 1585954, member: 3011"]Everything you said applies equally to investors in gold. Do gold investors here factor in taxes and inflation when speaking about returns? Do they factor in survivor bias by deducting losses due to confiscation, theft, fire, counterfeits etc.? Do they talk about contributions when talking about the worth of their PMs? Gold investors here believe gold will perform in a certain way, when there is no real basis for it. Gold is a zero sum game. One ounce is one ounce. Common stocks grow over time through the reinvestment of earnings. I know it is fun to think you know something that most people don't, that everything but metals will go to zero, that nobody but gold holders have common sense and reasonable expectations. Enjoy it while it lasts. I don't dislike gold. I own investments in PMs. But the paper to zero malarkey might hurt some of the younger investors here whose best chance to compound their savings in life probably is through the very asset classes you condemn. That's the sad part. Some folks believe that to like gold, they must prove everything else worthless. I wonder what drives that sort of thinking.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1585954, member: 3011"]Everything you said applies equally to investors in gold. Do gold investors here factor in taxes and inflation when speaking about returns? Do they factor in survivor bias by deducting losses due to confiscation, theft, fire, counterfeits etc.? Do they talk about contributions when talking about the worth of their PMs? Gold investors here believe gold will perform in a certain way, when there is no real basis for it. Gold is a zero sum game. One ounce is one ounce. Common stocks grow over time through the reinvestment of earnings. I know it is fun to think you know something that most people don't, that everything but metals will go to zero, that nobody but gold holders have common sense and reasonable expectations. Enjoy it while it lasts. I don't dislike gold. I own investments in PMs. But the paper to zero malarkey might hurt some of the younger investors here whose best chance to compound their savings in life probably is through the very asset classes you condemn. That's the sad part. Some folks believe that to like gold, they must prove everything else worthless. I wonder what drives that sort of thinking.[/QUOTE]
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