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<p>[QUOTE="Cloudsweeper99, post: 687671, member: 3011"]I think you are underestimating the difficulty in beating the market averages. If what you said could be done as easily as you suggest, it would be the professionals doing it first, and most of us would be multi-millionaires. Even your favorite KO is far below its price in the late 90's -- a decade of below zero return which is a long time for most of us and perhaps 25% of the total time you'll have in your life to accumulate wealth. In the end, it becomes a matter of buying and selling at the correct time. I was a long-time holder of BRK -- a stock people hold almost as a religion. In early 2003 I grit my teeth and sold it to reinvest the proceeds into the energy and precious metals sectors with pretty decent results. For everything there is a season, and you are correct that gold is just one more investment tool in the toolbelt. The time will come when the correct action will be to sell gold and silver bullion and reinvest in something as unlikely as, say banks.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> Even they will have their day in the sun again.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 687671, member: 3011"]I think you are underestimating the difficulty in beating the market averages. If what you said could be done as easily as you suggest, it would be the professionals doing it first, and most of us would be multi-millionaires. Even your favorite KO is far below its price in the late 90's -- a decade of below zero return which is a long time for most of us and perhaps 25% of the total time you'll have in your life to accumulate wealth. In the end, it becomes a matter of buying and selling at the correct time. I was a long-time holder of BRK -- a stock people hold almost as a religion. In early 2003 I grit my teeth and sold it to reinvest the proceeds into the energy and precious metals sectors with pretty decent results. For everything there is a season, and you are correct that gold is just one more investment tool in the toolbelt. The time will come when the correct action will be to sell gold and silver bullion and reinvest in something as unlikely as, say banks.:eek: Even they will have their day in the sun again.[/QUOTE]
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