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<p>[QUOTE="ASE2015, post: 2103736, member: 73824"]No you said specifically, "If you bought into gold late in the 1970's it took you forever to break even even if you bought yearly."</p><p><br /></p><p>I'm not letting off the hook that easy. But I do agree that cherry picking dates may not show the entire story.</p><p><br /></p><p>Now for your next point: "gold and PM's do mediocre at best, poor for the most part." I will honestly take a random year, 1986 my birth year (since bonds are popular gifts for newborns), and let's see how precious metals performed.</p><p><br /></p><p>Gold in 1986 - $368</p><p>Silver in 1986 - $5.46</p><p>Platinum in 1986 - $425</p><p>Palladium 1986 - $115</p><p><br /></p><p>Gold today - $1154.30</p><p>Silver today - $15.58</p><p>Platinum today - $1118</p><p>Palladium today - $791</p><p><br /></p><p>$1154.30/$368=<b><u>3.13</u></b></p><p>$15.58/$5.46=<b><u>2.85</u></b></p><p>$1118/$425=<b><u>2.63</u></b></p><p>$791/$115=<b><u>6.88</u></b></p><p><br /></p><p>$50 savings bond in 1986 - $25</p><p>$50 savings bond purchased in '86 cashed in today - $108.84/$25 = <b><u>4.35</u></b></p><p><br /></p><p>I would say that these are in the same ballpark as the bonds. And one key advantage of the precious metals: if the prices rise to a price you are comfortable at selling, you can at anytime without penalty. Not so with savings bonds. You have to wait until they mature.[/QUOTE]</p><p><br /></p>
[QUOTE="ASE2015, post: 2103736, member: 73824"]No you said specifically, "If you bought into gold late in the 1970's it took you forever to break even even if you bought yearly." I'm not letting off the hook that easy. But I do agree that cherry picking dates may not show the entire story. Now for your next point: "gold and PM's do mediocre at best, poor for the most part." I will honestly take a random year, 1986 my birth year (since bonds are popular gifts for newborns), and let's see how precious metals performed. Gold in 1986 - $368 Silver in 1986 - $5.46 Platinum in 1986 - $425 Palladium 1986 - $115 Gold today - $1154.30 Silver today - $15.58 Platinum today - $1118 Palladium today - $791 $1154.30/$368=[B][U]3.13[/U][/B] $15.58/$5.46=[B][U]2.85[/U][/B] $1118/$425=[B][U]2.63[/U][/B] $791/$115=[B][U]6.88[/U][/B] $50 savings bond in 1986 - $25 $50 savings bond purchased in '86 cashed in today - $108.84/$25 = [B][U]4.35[/U][/B] I would say that these are in the same ballpark as the bonds. And one key advantage of the precious metals: if the prices rise to a price you are comfortable at selling, you can at anytime without penalty. Not so with savings bonds. You have to wait until they mature.[/QUOTE]
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