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When are you hopping back on the GOLD and SILVER buying train ?
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<p>[QUOTE="-jeffB, post: 26687177, member: 27832"]If you had one. That $100 bill's purchasing power was equivalent to US$2365 today.</p><p><br /></p><p>That's a clear illustration of why putting cash under your mattress is a <i>terrible</i> idea, and why putting it into gold isn't necessarily the greatest idea. In an aggressive fund (10% annual yield compounded annually), your $100 after 94 years would be <b>$780k</b>, and you could buy <b>six rolls</b> of 25 double eagles, thirty times your original investment in gold.</p><p><br /></p><p>Of course, there are time spans where aggressive funds suffer badly, and I can't imagine many people are looking to put money into a mutual fund and keep it there for 94 years. And besides, this is CoinTalk, not MutualFundTalk, so I'll shut up now. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 26687177, member: 27832"]If you had one. That $100 bill's purchasing power was equivalent to US$2365 today. That's a clear illustration of why putting cash under your mattress is a [I]terrible[/I] idea, and why putting it into gold isn't necessarily the greatest idea. In an aggressive fund (10% annual yield compounded annually), your $100 after 94 years would be [B]$780k[/B], and you could buy [B]six rolls[/B] of 25 double eagles, thirty times your original investment in gold. Of course, there are time spans where aggressive funds suffer badly, and I can't imagine many people are looking to put money into a mutual fund and keep it there for 94 years. And besides, this is CoinTalk, not MutualFundTalk, so I'll shut up now. :rolleyes:[/QUOTE]
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When are you hopping back on the GOLD and SILVER buying train ?
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