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<p>[QUOTE=&quot;medoraman, post: 1575037, member: 26302&quot;]I would agree sir that actual losses were not as great as potentially they could have been. I stated that many I talked to had made a profit since they bought in the mid 70&#039;s. However, the 80&#039;s was a great big bear for PM, with long term gradual declines in the market nominally. Many of those I talked to thought it would go back up, but financially had to sell. Many of these DID experience losses because they bought in the early 80&#039;s, (maybe not at the high, but still higher than the market price they sold at, plus the losses you normally experience selling to a dealer). </p><p><br /></p><p>I understand your point sir, and it is a fair one I would agree with to a point. Its just I remember the conversations with gentlemen who would tell me they bought these double eagles for $650 or $700 per, and had to sell today and the best they could get was around $450. Yes, some of that could have been &quot;bad trades&quot;, but a lot of it was market decline.</p><p><br /></p><p>I simply object profoundly to any assertion that &quot;you cannot lose money buying gold&quot;, a statement some like to believe. This is simply not true even nominally, let alone factoring in inflation.</p><p><br /></p><p>That&#039;s all. I am sure most of us are very close to agreement on this point, with smaller differences than we believe.</p><p><br /></p><p>Now, if someone wants to say that an investor dollar cost averaging into the PM market over a long time frame, and then exiting the market in the same manner will be very unlikely to lose nominally, then I would generall agree with that. 1980 and the subsequent bear caused by governmental selling was an extraordinarily unusual event.[/QUOTE]</p><p><br /></p>

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