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<p>[QUOTE="Moen1305, post: 825173, member: 2544"]Just curious; Do you mean Costa Rica? I assume so. I just came back from Costa Rica with my family and we had much better luck than you did. Sorry to hear about your bad experiences in such a beautiful country. </p><p><br /></p><p>As far as investing in gold, I'd consider more of a savings account than an investment. At least it can't be wiped out by the fall of the stock market. I have a wealthy relative who lost about 60 percent of his retirement last year, like the rest of did, that he had invested in the stock market. He pulled all of his money out at the low point and invested in gold when it was about $950.00 an ounce. I think it is at about $1,111.00 an ounce today. That is about a 15-16 percent return on investment if my math is right which would be pretty good for any one year except that the stock market has risen between 50-60 percent from it's low point in approximately the same time period. What happens when all those invested in gold start pulling their money out and head back to the stock market as the economy recovers? Gold will be back into the 900 dollar range and maybe even the 800 dollar range. That's when to invest in gold.[/QUOTE]</p><p><br /></p>
[QUOTE="Moen1305, post: 825173, member: 2544"]Just curious; Do you mean Costa Rica? I assume so. I just came back from Costa Rica with my family and we had much better luck than you did. Sorry to hear about your bad experiences in such a beautiful country. As far as investing in gold, I'd consider more of a savings account than an investment. At least it can't be wiped out by the fall of the stock market. I have a wealthy relative who lost about 60 percent of his retirement last year, like the rest of did, that he had invested in the stock market. He pulled all of his money out at the low point and invested in gold when it was about $950.00 an ounce. I think it is at about $1,111.00 an ounce today. That is about a 15-16 percent return on investment if my math is right which would be pretty good for any one year except that the stock market has risen between 50-60 percent from it's low point in approximately the same time period. What happens when all those invested in gold start pulling their money out and head back to the stock market as the economy recovers? Gold will be back into the 900 dollar range and maybe even the 800 dollar range. That's when to invest in gold.[/QUOTE]
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