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<p>[QUOTE=&quot;GoldFinger1969, post: 25328926, member: 73489&quot;]I have always been clear on my feelings for gold as an &quot;investment&quot;:</p><ul> <li>It is NOT an investment.&nbsp; It is more of a SPECULATION.</li> </ul><p> <ul> <li>The returns on gold -- even if you are bullish like I am -- will be closer to bonds than stocks.&nbsp; In other words, it&#039;s not a competitive investment.</li> </ul><p> <ul> <li>It doesn&#039;t pay a dividend or throw off income so it&#039;s a bad investment.</li> </ul><p> <ul> <li>Gold tends to spend years or decades doing NOTHING and then it rises in a parabolic spike.</li> </ul><p> <ul> <li>Did I mention gold isn&#039;t a good investment ? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> </li> </ul><p><b>The fundamentals for gold are very good right now, many of the charts and graphs I have posted elsewhere on CT. </b> Central banks, big sellers in the 1980&#039;s and 1990&#039;s, now net-neutral at worst and probably buyers in the aggregate even if you exclude China. </p><p><br /></p><p>Chinese, Indians, and a billion other potential buyer now have the means to buy gold in small amounts whereas in the past they could only make 1 purchase and sit on it for years as they eaked out a subisstence level income.&nbsp; Per-capita incomes are doubling every 10-12 years.&nbsp; In this country, how many gold coins or bars are bought by people who make $40,000 a year -- vs. $80,000 or $120,000 ?&nbsp; <b><i>The Power Of Compounding !! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></i></b></p><p><b><i><br /></i></b></p><p>Which makes this hobby both at the mercy of and the beneficiary of the coming gold price rise.&nbsp; If you already have all the gold you need or want or are done collecting gold coins, sit back and enjoy.&nbsp; If you just started or are behind the 8-ball.....get some NOW in the low-2&#039;s rather than chase closer to 3. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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