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pyotr filipivich pyotr filipivich is offline
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Default Buy high, sell higher ... was #OT# Hard data on "investment" returns

Let the Record show that Gunner Asch on or
about Sat, 02 Jan 2010 18:10:08 -0800 did write/type or cause to
appear in rec.crafts.metalworking the following:

And yet I read countless Leftwingers all ****y and nasty about folks
who bought gold and have sat on it.


So, do you recommend buying gold now? Or what are you saying, exactly?


Not now...2 yrs ago would have been ok. 15 yrs ago would have been far
better.


I was playing with the price of gold and the cost of living.
Interesting how the _average_ annual price fluctuated, particularly
when considered in terms of current dollars. I.e. the Average price
per ounce in 1980 was $612.56. That would be about 1600 dollars in
"purchasing power". So Gold is not really at an "all time high" - not
compared to the inflation adjusted peak of $2022

Of course, as a friend put it "It is always a good time to buy.
It's not always a good time to sell..." (Anybody want to buy a
house?)
-
pyotr filipivich
We will drink no whiskey before its nine.
It's eight fifty eight. Close enough!