A 'GOLD' QUESTION FOR ALL YOU GOLD PRO'S???

elkassassin · Apr 19, 2020

Here's My Question with Gold?

There's No Doubt in My Mind that Gold will always be on the Average of becoming More Valuable as time goes on!

In 1982 I Bought a New Truck!

Mid-Grade!

Not the Cheapest of Trim/Model!

Not the Most Expensive of Trim/Model!

It was what I Thought the Most Ridiculous Priced item I'd ever heard of at 12,000.00 at the time!

Gold Was about 400.00 an Ounce that Fall,I Still Remember that!

So Let's Say that Truck cost Me about 30 Ounces of Gold at the Time!

Here We are,2020!

The Same Truck in Mid-Grade Trim/Model is around 60,000.00!

Gold at about 1700.00 today!

That'd New Truck today would Cost about 35 Ounces of Gold Today!

(((These Numbers are Approx.!)))

But My Question is This:

These Guys That Saved Their Gold for let's Say approximately 38 Years Claiming they made all this Money on their Gold by Sitting on it?

Will 30 Ounces of Gold Buy You anymore Today Versus what the Same 30 Ounces of Gold would have Bought you 38 Years ago?

Longun · Apr 19, 2020

Nope.....but the paper printed money isn't worth spit and it will crap out one day...Humans are like magpies and packrats...they like shiny things....

eelgrass · Apr 19, 2020

Longun said:
Nope.....but the paper printed money isn't worth spit and it will crap out one day...Humans are like magpies and packrats...they like shiny things....

And raccoons. Cover the pan on a leg hold trap with tin foil and place it in a creek and you'll catch a coon every time. That was my go to set.

I don't understand gold either but I own some. You can't eat it or even wipe your butt with it. If you own a truck you have a way to make a living.

elkassassin · Apr 19, 2020

That Ain't Quite True Eel!

Since the Carona Hit!

People have been Wipin with Gold!

A Few Weeks Back I was working for a Guy that Made Me Laugh!

He Said:I/You can't Buy any TP!

So He says:You Know what I'm Gonna do?

I'm Taking 5- 100.00 Dollar Bills down to the Bank!

I'm gonna Trade them for 500 1.00 Dollar Bills!

I'll Wipe My Tail with them if I have to!

eelgrass said:
And raccoons. Cover the pan on a leg hold trap with tin foil and place it in a creek and you'll catch a coon every time. That was my go to set.

I don't understand gold either but I own some. You can't eat it or even wipe your butt with it.

sticksender · Apr 19, 2020

If you look back, say 40 years.....

Gold in 1980 was roughly 600.00. By 2020 it increased to 1600.00. So that's a 267% return.

The DOW-JONES in 1980 was 900. In 2020 it may average around 25000 for the year. So that's a 2770% return.

Gold is shiny, but for investment I'll probably stick with the stock market.

NeMont · Apr 19, 2020

Gold is a store of value, you should view it as just another currency. It has a place in some portfolios for sure and I prefer physical gold rather than a gold ETF or mutual fund. But your mileage may vary

desperatehills · Apr 20, 2020

March of 1980 gold was $1774, by Jan 2001 it was $391. Gold is good for a safety net but you had better not buy it for growth

Gold Prices - 100 Year Historical Chart

Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

www.macrotrends.net

DeerHunter53 · Apr 21, 2020

it's worth a whole lot more if you go out and find it. That's a 100% increase. What else do you have to do? Go find some gold....

Longun · Apr 21, 2020

Stickflipper...how's your stock market return done since 2000??? I'll stay with the shiny stuff..

desperatehills · Apr 21, 2020

Dow to Gold Ratio - 100 Year Historical Chart

This interactive chart tracks the ratio of the Dow Jones Industrial Average to the price of gold. The number tells you how many ounces of gold it would take to buy the Dow on any given month. Previous cycle lows have been 1.94 ounces in February of 1933 and 1.29 ounces in January of 1980.

www.macrotrends.net