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 why buy gold ?

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PostSubject: why buy gold ?   why buy gold ? Icon_minitimeFri Nov 06, 2009 5:59 pm

Dave Ramsey says it ain't a gonna help ya when the economy does the final dive


In Dave’s latest book ‘The Total Money Makeover’ he had this to say about Gold:
“The truth is that gold is a lousy investment with a long track record of mediocrity. The average rates of return tracked as far back as Napoleon are around 2 percent gain per year. In recent history, gold has a fifty-year track record of around 4.4 percent, about the same as inflation and just above savings accounts………..It is important to remember that gold is not used when economies fail. History shows that when an economy completely collapses, the first thing that appears is a black-market barter system…” (pg. 55).

"The relative value of gold has not changed in 4000 years, since the first crash during the Roman Empire "


water,food and an arsenal of anonymous boobietraps, while you pray hard, are what you will need.
basecamp is open, give us your unnessecary items and we will harbor and protect you for free.
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c/thru

c/thru


Blurts : What is this decade called ?
Location : almost Mile High
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PostSubject: Re: why buy gold ?   why buy gold ? Icon_minitimeSat Nov 07, 2009 3:40 pm

OK, you can have my collection of plastic containers with missing lids
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KK

KK


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PostSubject: Re: why buy gold ?   why buy gold ? Icon_minitimeSat Nov 07, 2009 7:37 pm

gold is way over priced right now
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java

java


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PostSubject: Re: why buy gold ?   why buy gold ? Icon_minitimeSat Nov 07, 2009 8:30 pm

Two words. Beanie babies.
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PostSubject: Re: why buy gold ?   why buy gold ? Icon_minitime

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