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<p>[QUOTE=&quot;Cloudsweeper99, post: 1332910, member: 3011&quot;]This is a commonly repeated error.&nbsp; The common stock of a company has an intrinsic value that can be calculated, and there are a number of methods of doing so.&nbsp; It is true that the price of a common stock can fluctuate, sometimes to a level below the intrinsic value where a purchase is likely to be profitable.&nbsp; But the price is not equal to value the way you suggest.&nbsp; For example, if a person owns 100 shares of Exxon common stock and the price drops to $1 tomorrow, or even if the stock doesn&#039;t trade at all, the stock still has intrinsic value based on the present value of future dividends.&nbsp; I know you and your family have had horrible experiences with Enron and many other bad investment choices, but just because you can&#039;t do it doesn&#039;t mean investing in common stocks is in any way inferior to owning gold.[/QUOTE]</p><p><br /></p>

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