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<p>[QUOTE="fatima, post: 1354614, member: 22143"]I have yet to run into anyone who says that Gold is <u>always</u> best. I've run into plenty that will say that Stock is <u>always</u> best including you. This isn't a simple black and white color choice. </p><p><br /></p><p>My position is and has always been, that past results are not an indication of the future. The investor should look at conditions now and move forward with a strategy based on that. The point being made is that when the system of regulation has been destroyed, a point that you always ignore, then there is simply no way for someone to judge risk in a reasonable manner and thus caution is advised. </p><p><br /></p><p>Re-characterizing this as an "gold is always best" argument is nonsense. If the Fed turned around and raised interest rates to 15% tomorrow, I'd be lining up at the local gold bookie to get rid of my gold as fast as possible. Will this happen? Most likely not because it will take down too much of the status quo. One has to move forward based on reasonable expectations on what the future holds, and not what happened when granddad was starting out. Hopefully most reading this topic, who are willing to listen, understand some of this now.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1354614, member: 22143"]I have yet to run into anyone who says that Gold is [u]always[/u] best. I've run into plenty that will say that Stock is [u]always[/u] best including you. This isn't a simple black and white color choice. My position is and has always been, that past results are not an indication of the future. The investor should look at conditions now and move forward with a strategy based on that. The point being made is that when the system of regulation has been destroyed, a point that you always ignore, then there is simply no way for someone to judge risk in a reasonable manner and thus caution is advised. Re-characterizing this as an "gold is always best" argument is nonsense. If the Fed turned around and raised interest rates to 15% tomorrow, I'd be lining up at the local gold bookie to get rid of my gold as fast as possible. Will this happen? Most likely not because it will take down too much of the status quo. One has to move forward based on reasonable expectations on what the future holds, and not what happened when granddad was starting out. Hopefully most reading this topic, who are willing to listen, understand some of this now.[/QUOTE]
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