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<p>[QUOTE="Collector1966, post: 1217413, member: 17919"]Gold bullion has done quite nicely over the past 10 years, going from roughly $300 to $1500, which is a far better return than 9% per annum over that period. Silver's return has even been better than 9% during that period, but most of that increase has indeed been over the past 4 years or so.</p><p><br /></p><p>But it hasn't been luck as much as it has been a matter of time and patience. The economy has been mismanaged for decades. When you have 1) a burgeoning population, 2) declining wages in inflation-adjusted terms with simultaneous rises in goods and services that cannot be outsourced, 3) higher-paying jobs being shipped overseas while new jobs are concentrated in the low-paying service sector, 4) creation of trillions of new dollars literally out of thin air, 5) policies that tend increasingly to favor the wealthy, 6) a stock market and banking sector that are watched over by toothless agencies, and 7) zero interest on personal savings, then you have a recipe for a tanking economy. It was apparent for a long time that the train wreck was coming, it was just a matter of time before gold and silver would attract the interest of people, and organizations, who wanted to prepare for it.[/QUOTE]</p><p><br /></p>
[QUOTE="Collector1966, post: 1217413, member: 17919"]Gold bullion has done quite nicely over the past 10 years, going from roughly $300 to $1500, which is a far better return than 9% per annum over that period. Silver's return has even been better than 9% during that period, but most of that increase has indeed been over the past 4 years or so. But it hasn't been luck as much as it has been a matter of time and patience. The economy has been mismanaged for decades. When you have 1) a burgeoning population, 2) declining wages in inflation-adjusted terms with simultaneous rises in goods and services that cannot be outsourced, 3) higher-paying jobs being shipped overseas while new jobs are concentrated in the low-paying service sector, 4) creation of trillions of new dollars literally out of thin air, 5) policies that tend increasingly to favor the wealthy, 6) a stock market and banking sector that are watched over by toothless agencies, and 7) zero interest on personal savings, then you have a recipe for a tanking economy. It was apparent for a long time that the train wreck was coming, it was just a matter of time before gold and silver would attract the interest of people, and organizations, who wanted to prepare for it.[/QUOTE]
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