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<p>[QUOTE="Collector1966, post: 1265750, member: 17919"]In 1999, when gold was less than $300/ounce for most of the year and silver was between $5 and 5.50 per ounce, the Dow Jones Industrial Average had a low of approximately 9200 and high of approximately 11500 for the year. Twelve years later, the DJIA is currently at 11,200, about 300 points LOWER than its 1999 high, and only 2000 points above its 1999 low. Meanwhile, gold is above $1800-- 7X higher than its 1999 low (and 6X higher than its 1999 high), while silver is approximately 8X higher than its 1999 low (and 7X higher than its 1999 high). ANYONE who bought silver and/or gold then from a mainstream bullion dealer and held it until now would have made multiples of their original investment. The same cannot be said for people who bought a DJIA index fund. Or individual stocks like Enron. Or Global Crossing. Or Worldcom. Even some blue chips like GM crashed and burned. And numerous lesser known stocks have also fizzled during that time.[/QUOTE]</p><p><br /></p>
[QUOTE="Collector1966, post: 1265750, member: 17919"]In 1999, when gold was less than $300/ounce for most of the year and silver was between $5 and 5.50 per ounce, the Dow Jones Industrial Average had a low of approximately 9200 and high of approximately 11500 for the year. Twelve years later, the DJIA is currently at 11,200, about 300 points LOWER than its 1999 high, and only 2000 points above its 1999 low. Meanwhile, gold is above $1800-- 7X higher than its 1999 low (and 6X higher than its 1999 high), while silver is approximately 8X higher than its 1999 low (and 7X higher than its 1999 high). ANYONE who bought silver and/or gold then from a mainstream bullion dealer and held it until now would have made multiples of their original investment. The same cannot be said for people who bought a DJIA index fund. Or individual stocks like Enron. Or Global Crossing. Or Worldcom. Even some blue chips like GM crashed and burned. And numerous lesser known stocks have also fizzled during that time.[/QUOTE]
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