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<p>[QUOTE=&quot;Cloudsweeper99, post: 1502496, member: 3011&quot;]Even the investor in gold in the late 70s had to cringe at the loss of value as gold went from $800 to a fraction of that.&nbsp; The losses are painful, even if much of it was profit at one time.&nbsp; If gold went to $800 today, the buyer at $400 would still feel the loss and think about what could have been if they had sold [example, not a prediction].&nbsp; And you have mentioned many times that inflation has destroyed a large percentage of the worth of a dollar over the years.&nbsp; So while the nominal dollar amount is relatively flat, the value is much less.&nbsp; Even much less than cash in an interest bearing bank account over that time period.&nbsp; Now they are doing better, but how much better could they have done if they hadn&#039;t followed the buy and hold religion for those two decades?&nbsp; I&#039;m just saying that it&#039;s far better to move between asset classes as they wax and wane.</p><p><br /></p><p>The painful truth is that gold was close to the worst thing you could have invested in during the late 70s and held to the early 00&#039;s.&nbsp; People should keep that in mind when they decide that they will hold their gold forever.[/QUOTE]</p><p><br /></p>

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