Message:

<p>[QUOTE=&quot;medoraman, post: 1872828, member: 26302&quot;]My only point was for a non-interest bearing asset, you have to factor in inflation for your profit/loss recognition. A dollar today inveted better be about $3 in 20 years just to break even, (assuming 5.5% inflation). Too many people say, &quot;I paid $5 for an ounce of silver in 1994 and today it&#039;s $22, so I made $17 an ounce&quot;. They never factor in inflation. Same with looking forward. When people predict $5000 an ounce gold in 30 years I yawn, since that would not be terribly impressive in my view, (less than 5% growth a year).</p><p><br /></p><p>Regarding 2009 I know it was a weird time to get into the market, (with after tax money, I have had 401ks for a long time). I simply saw the prices and had no choice but to buy. I have written about it here for the past 4 years if anyone thinks I am making up my timing. By the way, it hasn&#039;t been straight up, it actually had quite a few downturns in the last 5 years, but net has been up quite well. Btw, its up so much because my largest holding is LVS. I wish I would have bought all LVS and mortgaged my house, but hindsight is always that way.[/QUOTE]</p><p><br /></p>

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