Quote:
Originally Posted by Big Ben
You are wrong. you need to learn history. Metals grow in price proportionally to how much money is being printed and the purchasing power is preserved at the same level while all of the rest who hold currency get totally robbed.
Simple example:
If someone had 100k in retirement funds ten years ago and bought at them gold at 300$ an ounce he could buy 330 ounces. Today it's worth $330x1380=$455,400. Now all the brainwashed people here and the majority of the herd on this board held their money in paper, pension funds, 401k and lost 30-40% of their sum during the last couple of years. Now they have much less then before. Bullshit? Did you watch this?
The 401k Fallout
http://www.cbsnews.com/video/watch/?...ag=mncol;lst;2
Now the level of ignorance here is just astounding. You can laugh at the messenger, call names and whatever.. Instead of addressing the substance you decide to attack me personally. It's just pathetic. |
And what if you start your history lesson in 1980? How does your "Simple Example" work out then?
Anybody can pick arbitrary dates... Would you find it compelling replaced your dates of 2000 and 2010 with 1980 and 1990?
And finally, you have to exit the trade before you will even have a "trading" point to be made.
I'll agree with you on one thing, the level of ignorance is astounding.