Gold Redux: What do you folks thing about this?

[partypup]

[quote=Allan from Fallbrook][quote=peterb]It’s got a very good long term record.[/quote]

Uh, not exactly.

http://www.the-privateer.com/g-bottom/g-bottom1.html

We had this same “gold as a store of value/measure of value” argument on another thread. Scaredycat opined that gold has performed well for 1,500 years, but unfortunately history doesn’t bear that out.

I won’t agree the superiority of fiat money over gold (or other precious metals) because that’s a non-starter as well. However, the argument that gold is historically a strong performer is completely unsupported by facts.[/quote]

Do you subscribe to The Privateer, Allan? I have for several years and really enjoy Buckler’s analysis.

[4plexowner]

sorry, Allan, but I don’t see how the Privateer article supports your case – the article is talking about the time period from 1976 to 1993 – unless my math skills have deteriorated significantly, 1976 to 1993 (17 years) and 1500 years are significantly different time periods

the Privateer newsletter is also gold-positive so I’m curious how you took this particular article out of context from the Privateer’s overall premise

[4plexowner]

sorry, Allan, but I don’t see how the Privateer article supports your case – the article is talking about the time period from 1976 to 1993 – unless my math skills have deteriorated significantly, 1976 to 1993 (17 years) and 1500 years are significantly different time periods

the Privateer newsletter is also gold-positive so I’m curious how you took this particular article out of context from the Privateer’s overall premise

[4plexowner]

sorry, Allan, but I don’t see how the Privateer article supports your case – the article is talking about the time period from 1976 to 1993 – unless my math skills have deteriorated significantly, 1976 to 1993 (17 years) and 1500 years are significantly different time periods

the Privateer newsletter is also gold-positive so I’m curious how you took this particular article out of context from the Privateer’s overall premise

[4plexowner]

sorry, Allan, but I don’t see how the Privateer article supports your case – the article is talking about the time period from 1976 to 1993 – unless my math skills have deteriorated significantly, 1976 to 1993 (17 years) and 1500 years are significantly different time periods

the Privateer newsletter is also gold-positive so I’m curious how you took this particular article out of context from the Privateer’s overall premise

[4plexowner]

sorry, Allan, but I don’t see how the Privateer article supports your case – the article is talking about the time period from 1976 to 1993 – unless my math skills have deteriorated significantly, 1976 to 1993 (17 years) and 1500 years are significantly different time periods

the Privateer newsletter is also gold-positive so I’m curious how you took this particular article out of context from the Privateer’s overall premise

[peterb]

I think you should check your history a little more closely.Gold was $22/oz in 1925. It’s now $950/oz. Take out the anomolies of spikes and just look at the long term rise in value. It’s real money. Geopolitical and economic uncertainty can cause it to spike, but overall time spans show it’s a great hedge against fiat currencies.

[peterb]

I think you should check your history a little more closely.Gold was $22/oz in 1925. It’s now $950/oz. Take out the anomolies of spikes and just look at the long term rise in value. It’s real money. Geopolitical and economic uncertainty can cause it to spike, but overall time spans show it’s a great hedge against fiat currencies.

[peterb]

I think you should check your history a little more closely.Gold was $22/oz in 1925. It’s now $950/oz. Take out the anomolies of spikes and just look at the long term rise in value. It’s real money. Geopolitical and economic uncertainty can cause it to spike, but overall time spans show it’s a great hedge against fiat currencies.

[peterb]

I think you should check your history a little more closely.Gold was $22/oz in 1925. It’s now $950/oz. Take out the anomolies of spikes and just look at the long term rise in value. It’s real money. Geopolitical and economic uncertainty can cause it to spike, but overall time spans show it’s a great hedge against fiat currencies.

[peterb]

I think you should check your history a little more closely.Gold was $22/oz in 1925. It’s now $950/oz. Take out the anomolies of spikes and just look at the long term rise in value. It’s real money. Geopolitical and economic uncertainty can cause it to spike, but overall time spans show it’s a great hedge against fiat currencies.

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