Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Pondering The State Of Bullion
>
Reply to Thread
Message:
<p>[QUOTE="Clawcoins, post: 3178979, member: 77814"]Collecting bullion is more viable today than in the past as an investment.</p><p><br /></p><p>In the past the US actually controlled the price of gold; making gold as an investment vehicle not a good option IMHO. Although in the ages of depressions, recessions, inflation, stagflation and wars gold was a good storage of wealth for any currency/economic condition.</p><p><br /></p><p>But today, with no price controls on Gold, then the investment is more viable. Assuming you can buy it when it's "low" and ride the train, hopefully, upwards.</p><p><br /></p><p><u>some past numbers</u></p><p>1931 gold was $17.06 (for comparison, the DOW was at 77.90)</p><p>1934 gold price was raised to $35 (DOW at 104)</p><p>1971 at $43.48 (DOW at 890) - official decoupled. Foreign gov't etc couldn't trade in their Dollars and raid the US Gold Supply.</p><p>1973 at $106 (DOW at 850)</p><p><br /></p><p>So by decoupling the US Dollar to gold, actually made it an investment vehicle it is today. Though, of course, like any investment your time line can greatly skew any past or future results.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3178979, member: 77814"]Collecting bullion is more viable today than in the past as an investment. In the past the US actually controlled the price of gold; making gold as an investment vehicle not a good option IMHO. Although in the ages of depressions, recessions, inflation, stagflation and wars gold was a good storage of wealth for any currency/economic condition. But today, with no price controls on Gold, then the investment is more viable. Assuming you can buy it when it's "low" and ride the train, hopefully, upwards. [U]some past numbers[/U] 1931 gold was $17.06 (for comparison, the DOW was at 77.90) 1934 gold price was raised to $35 (DOW at 104) 1971 at $43.48 (DOW at 890) - official decoupled. Foreign gov't etc couldn't trade in their Dollars and raid the US Gold Supply. 1973 at $106 (DOW at 850) So by decoupling the US Dollar to gold, actually made it an investment vehicle it is today. Though, of course, like any investment your time line can greatly skew any past or future results.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Pondering The State Of Bullion
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...