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Gold $800.00, Silver $16.00 next target?
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<p>[QUOTE="CoinSaver, post: 291736, member: 9979"]All that dividend stuff is fine if you were always invested in dividend issuing companies and if you never owned a stock in the last 77 years that went down or out of business like enron. Most people diversify winning on some but losing on others. there is a lot of ways to lose your money in the stock market and only one way in gold, if it went to zero. Since gold has been around for thousands of years as valuable and the U.S. dollar for a couple hundred years I wonder which will win out over the long haul. The dollar has lost 97% of it's purchasing power since 1913. gold has lost nothing. In fact 20 of your 1913 dollars would buy an ounce of gold now you need 806 of your dollars to buy an ounce of gold. It's still just an ounce of gold but you need 40 times the amount of your dollars to get one.[/QUOTE]</p><p><br /></p>
[QUOTE="CoinSaver, post: 291736, member: 9979"]All that dividend stuff is fine if you were always invested in dividend issuing companies and if you never owned a stock in the last 77 years that went down or out of business like enron. Most people diversify winning on some but losing on others. there is a lot of ways to lose your money in the stock market and only one way in gold, if it went to zero. Since gold has been around for thousands of years as valuable and the U.S. dollar for a couple hundred years I wonder which will win out over the long haul. The dollar has lost 97% of it's purchasing power since 1913. gold has lost nothing. In fact 20 of your 1913 dollars would buy an ounce of gold now you need 806 of your dollars to buy an ounce of gold. It's still just an ounce of gold but you need 40 times the amount of your dollars to get one.[/QUOTE]
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