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<p>[QUOTE=&quot;GoldFinger1969, post: 2109966, member: 73489&quot;]Forget 200 years ago...how about going back 6 years ago ?&nbsp; 15 years ago ?&nbsp; 35 or 45 years ago ?</p><p><br /></p><p><br /></p><p>And how many people prior to the 1950&#039;s could afford to hold gold ?</p><p><br /></p><p>How many people had Double Eagles -- $20 -- held as a numismatic gold coin ?&nbsp; Less than 1% of the population....nobody could tie up $20 in the 1920&#039;s or 1930&#039;s.</p><p><br /></p><p><br /></p><p>Think about this:&nbsp; it took Greece, a 3rd-rate economy, 30 years to implode.</p><p><br /></p><p>You think the U.S. -- the reserve currency nation -- will expire anytime soon ?</p><p><br /></p><p><br /></p><p>I&#039;m not going off the deep-end, but you said wipe-outs. Greece&#039;s stock market was NOT wiped out the last 5 years.&nbsp; Only bankrupt, defeated countries suffer that sort of ignominy.</p><p><br /></p><p><br /></p><p><b><i>It isn&#039;t too much of a stretch ?</i></b>&nbsp; I&#039;d PAY to keep the thread open to hear how our economy is anything like theirs. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><br /></p><p>Are you talking about <i>Stocks For The Long Run</i> by Jeremy Siegel ?</p><p><br /></p><p>You can quibble with his numbers, but his results are unimpeachable.&nbsp; <b><span style="color: #0000ff">You can NOT make the case for gold over stocks over any reasonable time frame.&nbsp; Not gonna happen !!!</span></b></p><p><b><span style="color: #0000ff"><br /></span></b></p><p><span style="color: #000000">If you want to say that the gap should be 100 bp. (1%) lower in gold&#039;s favor, I might grant you that.&nbsp; But the gap is too wide that even if you include taxes, fees, trading commissions, etc....esp. for the Modern Era....you can&#039;t make a case for anything but stocks.</span></p><p><br /></p><p><b><i><span style="color: #ff0000">Have you read his book ?&nbsp; Did you see the table I attached above ?&nbsp; </span></i></b>[/QUOTE]</p><p><br /></p>

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