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<p>[QUOTE=&quot;medoraman, post: 1222083, member: 26302&quot;]I was going back to 1980 because from that point and for 20 YEARS gold was a bad buy. I measure a good or bad buy based upon cost versus sell minus inflation. Those were dark years for gold, and only the 2000&#039;s have been good. Saying that gold FOR A LONG TIME has been a good buy is simply not true, you would have had money devaluing in nominal terms, let alone real terms, for 20 years until you started seeing any type of return.</p><p><br /></p><p>I agree with you nominally gold will go up over a 30 or 40 year window, but that is not guaranteed in real terms, or over short terms. If you bought almost any year between 1980 and 1999 you would have lost nominally, (more in real terms), by 2000. How can that be judged &quot;good buys&quot;?</p><p><br /></p><p>Today&#039;s price I am sure nominally will be higher 30 years from now. Whether that means in real terms it is a profit IDK. I am just reacting to your statement about gold being such a good buy for so long.[/QUOTE]</p><p><br /></p>

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