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Gold prices and silver, 50 years?
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<p>[QUOTE="medoraman, post: 1834854, member: 26302"]Everyone always says this, but its really not true. The price of pm can effectively go to zero over the long term. You pay $1200 for an ounce of gold today and its worth $1200 thirty years from now. Say you could have bought stocks or land with that $1200 instead today and total return on that over thirty years might be over $100k. In relation to each other, gold effectively went to zero. </p><p><br /></p><p>There are no sure things, and anyone buying pm because they believe its guaranteed to retain its value are living in a fools paradise imho. Diversification is the closest you can come to guaranteeing retention of principal.</p><p><br /></p><p>Having said that, I just bought a half ounce Thai gold commemorative the other day. I like pm, but I would never rely ONLY on it to retire.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1834854, member: 26302"]Everyone always says this, but its really not true. The price of pm can effectively go to zero over the long term. You pay $1200 for an ounce of gold today and its worth $1200 thirty years from now. Say you could have bought stocks or land with that $1200 instead today and total return on that over thirty years might be over $100k. In relation to each other, gold effectively went to zero. There are no sure things, and anyone buying pm because they believe its guaranteed to retain its value are living in a fools paradise imho. Diversification is the closest you can come to guaranteeing retention of principal. Having said that, I just bought a half ounce Thai gold commemorative the other day. I like pm, but I would never rely ONLY on it to retire.[/QUOTE]
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Gold prices and silver, 50 years?
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