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Message:: [QUOTE="Juan Blanco, post: 1575020, member: 41665"]medoraman-With all due respect (and I do have the greatest of respect for your opinion) and apart from whatever issue you might have w/ fatima, I too have a long-running argument against Paper Bugs who insist most Gold holders suffered enormous losses in the 1980s and 1990s. That simply was NOT TRUE. Fact is, almost no one (nary a soul!) bought Gold bullion on the Gold High January 21, 1980. People were buying for years before that date (1976-9) also after the Investor Death Spike. Use those avg prices, instead. In 1979, a very high price, the avg POG was $USD 307./oz. Gold didn't sell off to that price until December 1984. So there were literally thousands of exit points (dates) to have sold safely and WITH PROFIT over the next 15 years. Just look at the Kitco data, see for yourself. To be sure, many low-information "gold investors" still don't realize this. They witnessed the January 1980 High as 'the Top, Missed!' Forever after, these so-called "investors" conceptually billed any sale off the illusory Death Spike as a realized loss. That's loser (il)logic, an absurd but all-too-common misunderstanding, a peculiar form of Buyer's Regret typical to low-information "investors." Is this really so counterintuitive? Quote Beanie Baby Investors, but also examine their financial statements very carefully. Their wrongness cannot be overemphasized: in all likelihood, these folks did NOT lose money on the POG declining between their Buy/Sell periods, unless they sold en masse on a smaller number of Loss Dates. Do you have any evidence to support that assertion, or reasons when/where/why these purported "Lemming Events" occurred? I doubt it. So it's otherwise wild speculation; the burden of proof really is on these imagined 'Gold Losers' to show their Losses with receipts, please! I will grant it's possible some Gold holders initially paid very high premiums for bullion/coin and then sold at extraordinary discount for different reasons. That (especially poor trade) is something else, we should agree, and also remains mere speculation. The fundamental issue here is low-information buyers, misunderstanding what happened, and NOT 'huge Gold Losses' as Paper-Bugs have declared ad nauseum to "prove" Gold is the worst asset class you could possibly own (".... and you should buy my Pets.com stock, buddy!") btw, I think we both agree 'Gold is not a good investment' (I say, because it's NOT an "investment" in the classical sense: no income, dividend, yield, predictable cap app, etc.) but we need not appropriate the Paper Bugs' Lie to make that point. Regards.[/QUOTE]

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