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<p>[QUOTE=&quot;Juan Blanco, post: 1575156, member: 41665&quot;]Well, I wouldn&#039;t dispute that SOME people buy/bought High and sold Low - that happens with <i>every single investment </i>and isn&#039;t specific to Gold or PMs. (Like fatima, I read that as a &#039;new qualification&#039; too.) I&#039;m still looking for any reasonable baseline on the assumption of &#039;lots of Gold losers/major loss in assets&#039; but vague or one personal example doesn&#039;t meet criteria for me either.</p><p><br /></p><p>I&#039;m not beating you up, just irked that you employed my pet peeve, a notorious Paper Bug Lie. To hear Paper Shills, EVERYONE bought Gold in Late January 1980 and then lost it all within six months. Rubbish! I have NO IDEA how many investors (nor what %age, more or less) were piling into Gold AFTER the Investor Death Spike and AFTER Volcker jacked interest rates to 20%. &quot;Lots of people&quot; and &quot;tons of money&quot; sounds counterintutive to me, but I confess I was waaaaaay to young to remember that. I&#039;d love to see the data to back up that thesis, though. </p><p><br /></p><p>(I suppose many many more people got hosed by the S&amp;L crisis, but <i>for Gold-Bugs in the farm-belt </i>it may well have been a cruel &amp; painful double-whammy!)[/QUOTE]</p><p><br /></p>

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