Imagine if you bought gold in 1980! - GoFuckYourself.com

billywatson · 08-18-2011, 08:57 PM

You'd have started making your money back now.

Brujah · 08-18-2011, 10:47 PM

You sir know nothing about gold. It will continue to rise and someday be $1 million per ounce. Then you will be sorry.

Spunky · 08-18-2011, 10:49 PM

Orange juice and Pork bellies

AdultKing · 08-18-2011, 10:52 PM

Gold from the very early 1980s how I remember it

Adam_M · 08-18-2011, 10:55 PM

Quote:

Originally Posted by Spunky

Orange juice and Pork bellies

Yum, sounds good

seeandsee · 08-19-2011, 01:12 AM

Quote:

Originally Posted by billywatson

You'd have started making your money back now.

yeah just 300%, now calculate you put that money on bank, and see how much would you have now...

kane · 08-19-2011, 01:31 AM

Here is an interesting thing. around 1980 when gold was $600 per ounce if you invested $10,000 that $10K would be worth around $30K today so you would have a nice 20K profit.

Had you invested that $10K in silver at that same time that $10K would now be worth $82K for a far $72K profit.

Maybe silver is the real investment.

Socks · 08-19-2011, 01:32 AM

I think it's at a price now like housing is around here that it just can't go up the way it has.. My uncle bought a house in 1980 for $50k, now it's worth around $300k.. so 6x.. But in 30 years, is it going to be worth $1.8M ? Yeah right.

FeelMyTube · 08-19-2011, 01:33 AM

HerPimp · 08-19-2011, 01:35 AM

Silver is bigger news, three times better than gold investment.

Chris GAMBA · 08-19-2011, 01:42 AM

I bought gold when it was less than $500/ounce and sold it two years ago. I should have held on a bit longer obviously, but I can't complain. Anyone keeping or going into gold now is crazy.

My Pimp · 08-19-2011, 02:08 AM

I have silver somewhere. I thought it would be nothing worth. May be I should search for it.

V_RocKs · 08-19-2011, 02:15 AM

instead...

Imagine if you had bought domain names back then... brown.com, blue.com, computers.com, cars.com, auctions.com, etc... would have made your gold dream a nightmare.

Lykos · 08-19-2011, 07:01 AM

Still made good cash,started to buy in 2006

Grapesoda · 08-19-2011, 07:27 AM

Quote:

Originally Posted by billywatson

You'd have started making your money back now.

imagine if you had started a porn site in 1980 and cashed out end of 2005?

LuckyMax · 08-19-2011, 07:40 AM

Imagine if you would have bought Apple's share back in 1994...

TheStout · 08-19-2011, 07:46 AM

Imagine you created a time machine and went back to 1950 with a sports almenac and placed a bunch of bets....

PR_Glen · 08-19-2011, 07:47 AM

Quote:

Originally Posted by V_RocKs

instead...

Imagine if you had bought domain names back then... brown.com, blue.com, computers.com, cars.com, auctions.com, etc... would have made your gold dream a nightmare.

a nightmare of tripling your money? yeah.. frightening shit man...

BlackCrayon · 08-19-2011, 08:00 AM

Quote:

Originally Posted by V_RocKs

instead...

Imagine if you had bought domain names back then... brown.com, blue.com, computers.com, cars.com, auctions.com, etc... would have made your gold dream a nightmare.

exactly. people get all excited that their gold investment or stocks made 1200 in the past year. wowie...there are much better places to put your money that can return much better than that.

GatorB · 08-19-2011, 09:48 AM

Quote:

Originally Posted by billywatson

You'd have started making your money back now.

Actually not since gold at it's peek in 1980 is equivilant to $2300 in today's money.

GatorB · 08-19-2011, 09:53 AM

Quote:

Originally Posted by kane

Here is an interesting thing. around 1980 when gold was $600 per ounce if you invested $10,000 that $10K would be worth around $30K today so you would have a nice 20K profit.

Had you invested that $10K in silver at that same time that $10K would now be worth $82K for a far $72K profit.

Maybe silver is the real investment.

Gold at it's peak in 1980 was $850 an ounce. Those fuckers got screwed big time. Just like anyone dumb enough to buy gold now. If you bought gold 10 years ago when it was $250 an ounce yeah you're doing ok now.

Chosen · 08-19-2011, 09:54 AM

I can't imagine that, I've had no interest in gold in my early childhood...

WarChild · 08-19-2011, 10:12 AM

Quote:

Originally Posted by seeandsee

yeah just 300%, now calculate you put that money on bank, and see how much would you have now...

If you put $10,000 in a relatively low yield safe investment returning just 4% per year 30 years ago, it'd be worth $32,433.98 today. That's the magic of compound interest.

signupdamnit · 08-19-2011, 10:41 AM

I'd still take 1999 conversion ratios and ctr %ages again in 2011 over gold bought 30 years ago...

signupdamnit · 08-19-2011, 10:42 AM

Quote:

Originally Posted by WarChild

If you put $10,000 in a relatively low yield safe investment returning just 4% per year 30 years ago, it'd be worth $32,433.98 today. That's the magic of compound interest.

Yes but doesn't inflation eat an average of 3% per year?

stinkyfingers · 08-19-2011, 10:43 AM

i'm rich biatch

WarChild · 08-19-2011, 10:47 AM

Quote:

Originally Posted by signupdamnit

Yes but doesn't inflation eat an average of 3% per year?

It would be the same for the value of gold though so it's not really a factor. Inflation doesn't actually take money out of your bank account.

DWB · 08-19-2011, 11:11 AM

Quote:

Originally Posted by Brujah

You sir know nothing about gold. It will continue to rise and someday be $1 million per ounce. Then you will be sorry.

It will continue to rise until there is stability and confidence in the currencies of the world, especially the USD, and that isn't going to happen anytime soon. As the USD goes, gold is only going to rise. Print more money, dollar value goes down, gold goes up.

History... know your history. And also know the reasons why people / countries hold gold, and continue to buy it even though it is at a record high. The Central Banks have bought more gold in the first half of this year than they did all of last year combined. Countries are stock piling it in tons and are buying even though it's high. And though it is unlikely, they probably know something the brilliant webmasters at GFY don't know.

What I would like to know is, all of you who think gold is a terrible buy, what exactly do you have to buy a new currency should the USD collapse and a new currency is issued? You think they are just going to drive through the streets tossing out free money? Lets hope nothing like that ever happens, but the path the USA is on is unsustainable. Something will give sooner or later. Pray to your god it's not a currency collapse. If you know anything about currency and history, you would know a new currency method is introduced every 25 - 40 years or so. We went off the gold standard in 1971, so we're do. No telling what is next, but there is a good chance dollars won't be worth very much when you try to cash them in for whatever is next.

Most of you have health insurance, car insurance, and home insurance, yet you do not have currency insurance. That's where precious metals come in. Doesn't hurt to own a little bit of it, nor is it crazy. Just in case. After all, isn't that why you insure everything else in your life? Just in case the worst happens.

Gold is up 17% in 2011 alone (and rising). Hardly a stupid investment. Even if you got in now, it's going to rise a lot more before it's all over. But like anything else, real state, stocks, other metals... all of it carries risk. But then again, so does holding onto a falling currency. That's just the way it works.

Just spend some time reading up on history, money, currency, and gold. No need to take anyone's word for it, see what happened in the past and you will clearly see what may be coming in the near future. Plan for the worst and hope for the best. That's all you can do.

JamesGw · 08-19-2011, 11:21 AM

Quote:

Originally Posted by FeelMyTube

Deceptive. That doesn't show percent increase. Of course the DOW is going to look like it's out performing gold because of the scale. That's not to say that it didn't, but the graph is deceptive. It should have the DOW price on one side and the price of gold on the other.

I'd still take stocks over gold any day.

DWB · 08-19-2011, 11:23 AM

Quote:

Originally Posted by DWB

Gold is up 17% in 2011 alone (and rising).

Correction, I just read 28%. It was 17% last I was reading about it.

Silver 31%.

TheStout · 08-19-2011, 11:29 AM

Quote:

Originally Posted by JamesGw

Deceptive. That doesn't show percent increase. Of course the DOW is going to look like it's out performing gold because of the scale. That's not to say that it didn't, but the graph is deceptive. It should have the DOW price on one side and the price of gold on the other.

I'd still take stocks over gold any day.

Any that are catching your eye right now? I think HOU is a good buy at under $5.

ottopottomouse · 08-19-2011, 11:30 AM

I was 6.

Gold or a BMX?

fuzebox · 08-19-2011, 11:37 AM

Quote:

Originally Posted by TheStout

Imagine you created a time machine and went back to 1950 with a sports almenac and placed a bunch of bets....

Greys. Sports. Almenac.

DWB · 08-19-2011, 11:43 AM

Quote:

Originally Posted by ottopottomouse

I was 6.

Gold or a BMX?

When I was in the 5th grade, my neighbor (same age) was into collecting shit. He had every toy that turned out to be worth a lot, rare plates, coins, you name it. I thought he was an oddball when I was young, but as I got older I realized just how smart he was. No idea how he got turned onto collecting things at such a young age.

blackmonsters · 08-19-2011, 11:44 AM

Quote:

Originally Posted by seeandsee

yeah just 300%, now calculate you put that money on bank, and see how much would you have now...

1980-2010 yearly interest rate added together = 209.3
209.3 divided by 30 years = 6.976 average yearly rate

http://swanlowpark.co.uk/bank0604.jsp

Quote:

Interest Rates on Savings Accounts since 1960

Year Annual Average

2010 2.80
2009 2.75
2008 5.00
2007 5.55
2006 4.68
2005 4.92
2004 4.56
2003 3.73
2002 4.00
2001 4.50
2000 5.00
1999 4.25
1998 6.00
1997 5.65
1996 4.75
1995 5.53
1994 5.31
1993 5.82
1992 8.65
1991 11.37
1990 14.23
1989 12.02
1988 9.68
1987 10.54
1986 8.75
1985 7.57
1984 7.00
1983 6.75
1982 8.54
1981 8.90
1980 10.50
1979 8.31
1978 6.25
1977 7.00
1976 6.88
1975 7.21
1974 7.50
1973 6.58
1972 4.88
1971 5.00
1970 5.00
1969 4.88
1968 4.17
1967 4.25
1966 4.00
1965 3.88
1964 3.50
1963 3.56
1962 3.75
1961 3.56
1960 3.38

http://www.moneychimp.com/calculator...calculator.htm

RyuLion · 08-19-2011, 11:47 AM

DWB · 08-19-2011, 11:55 AM

Quote:

Originally Posted by blackmonsters

1980-2010 yearly interest rate added together = 209.3
209.3 divided by 30 years = 6.976 average yearly rate

http://swanlowpark.co.uk/bank0604.jsp

http://www.moneychimp.com/calculator...calculator.htm

They were rocking in 1990 @14.23%

BangThemes · 08-19-2011, 12:08 PM

I like more the idea of buying domains back in 1980 ))) google, facebook, gfy )))

blackmonsters · 08-19-2011, 12:09 PM

Quote:

Originally Posted by DWB

They were rocking in 1990 @14.23%

In 1987-1989 I had 10k in savings with monthy compounded interest.

My Manhattan apartment rent was $600 a month.

I withdrew $700 a month from savings every month and never touched
my principal.

I didn't know how good I had it!!!!!!!!!!!

Disclaimer : I corrected a Freudian slip spelling which was "aratment".

JamesGw · 08-19-2011, 12:15 PM

Quote:

Originally Posted by blackmonsters

In 1987-1989 I had 10k in savings with monthy compounded interest.

My Manhattan apartment rent was $600 a month.

I withdrew $700 a month from savings every month and never touched
my principal.

I didn't know how good I had it!!!!!!!!!!!

Disclaimer : I corrected a Freudian slip spelling which was "aratment".

10k or 100k?

DWB · 08-19-2011, 12:15 PM

Quote:

Originally Posted by blackmonsters

In 1987-1989 I had 10k in savings with monthy compounded interest.

My Manhattan apartment rent was $600 a month.

I withdrew $700 a month from savings every month and never touched
my principal.

I didn't know how good I had it!!!!!!!!!!!

Where is a crystal ball when you need one?

martinsc · 08-19-2011, 12:18 PM

Quote:

Originally Posted by RyuLion

blackmonsters · 08-19-2011, 12:21 PM

Quote:

Originally Posted by JamesGw

10k or 100k?

10k.

Look at the gooddamn charts and links I posted.

JamesGw · 08-19-2011, 12:29 PM

Quote:

Originally Posted by blackmonsters

10k.

Look at the gooddamn charts and links I posted.

So maybe I'm tripping out, but doesn't 14.23% on 10k compounded monthly only yield a little over 1.5k a year? I was under the impression that all of the rent money came from interest on your savings.

Maybe I'm missing something.

blackmonsters · 08-19-2011, 12:30 PM

Quote:

Originally Posted by DWB

Where is a crystal ball when you need one?

So true, especially considering that I had been offered a job in the
World Trade Center but decided to move to LA instead.

I went broke in LA.

But I could still be in Manhattan now with the same savings account as the government
searchs for my surving relatives to give it to.

So my "fuck up" might have been my blessing to stay out of 911.

blackmonsters · 08-19-2011, 12:33 PM

Quote:

Originally Posted by JamesGw

So maybe I'm tripping out, but doesn't 14.23% on 10k compounded monthly only yield a little over 1.5k a year? I was under the impression that all of the rent money came from interest on your savings.

Maybe I'm missing something.

I'm getting old.

My memory is bad.

Yeah you are right.

Sorry.

blackmonsters · 08-19-2011, 12:34 PM

Fuck my memory is bad.

borked · 08-19-2011, 12:58 PM

Quote:

Originally Posted by LuckyMax

Imagine if you would have bought Apple's share back in 1994...

94 was good, but I was telling everyone back in nov 08 to buy - it was hovering around 98-100 during the crisis and everyone was saying sell sell sell!
I made quite a lot of money in 6 months on very little investement during that crisis. The same crisis is happening now - buy solid banking stocks like SOCGEN (CAC40).... they are rock bottom but for sure will go up as it is the major govt-backed bank.....

WarChild · 08-19-2011, 01:02 PM

Quote:

Originally Posted by blackmonsters

I'm getting old.

My memory is bad.

Yeah you are right.

Sorry.

Yeah you couldn't remember if you had 10K or 100K.

More likely you're a liar that's not too good at math and you got caught.

GatorB · 08-19-2011, 01:08 PM

Quote:

Originally Posted by signupdamnit

Yes but doesn't inflation eat an average of 3% per year?

So? If you had let that $10k sit in under your mattress it would still be $10K today. If you bought $10k worth of gold in 1980 it would only be worth $21K today. So an investment that only yeilded 4% would have been the better choice. Of course in the 80's you could get 5% on a savings account and 10% on a 1 year CD.

08-18-2011, 08:57 PM	#1
billywatson Confirmed User Industry Role: Join Date: Aug 2002 Location: The Valley o' Smut. Posts: 3,281	Imagine if you bought gold in 1980! You'd have started making your money back now. __________________ We're Fabulous! PROTECT YOUR CONTENT on Twitter I Shoot Porn.

08-18-2011, 10:47 PM	#2
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	You sir know nothing about gold. It will continue to rise and someday be $1 million per ounce. Then you will be sorry. __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

08-18-2011, 10:49 PM	#3
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,949	Orange juice and Pork bellies __________________ *YOUR INFORMATION HERE*

08-18-2011, 10:52 PM	#4
AdultKing Raise Your Weapon Industry Role: Join Date: Jun 2003 Location: Outback Australia Posts: 15,601	Gold from the very early 1980s how I remember it Last edited by AdultKing; 08-18-2011 at 10:54 PM..

08-19-2011, 01:33 AM	#9
FeelMyTube Confirmed User Join Date: Jun 2010 Posts: 349	__________________ Tube site converting ex-gf programs @ 1:276 for sale here (proof inside )

08-19-2011, 01:31 AM	#7
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	Here is an interesting thing. around 1980 when gold was $600 per ounce if you invested $10,000 that $10K would be worth around $30K today so you would have a nice 20K profit. Had you invested that $10K in silver at that same time that $10K would now be worth $82K for a far $72K profit. Maybe silver is the real investment.

08-19-2011, 01:32 AM	#8
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	I think it's at a price now like housing is around here that it just can't go up the way it has.. My uncle bought a house in 1980 for $50k, now it's worth around $300k.. so 6x.. But in 30 years, is it going to be worth $1.8M ? Yeah right.

08-19-2011, 01:35 AM	#10
HerPimp Confirmed User Industry Role: Join Date: Mar 2006 Location: Earth Posts: 1,197	Silver is bigger news, three times better than gold investment. __________________

08-19-2011, 01:42 AM	#11
Chris GAMBA So Fucking Banned Industry Role: Join Date: May 2011 Posts: 101	I bought gold when it was less than $500/ounce and sold it two years ago. I should have held on a bit longer obviously, but I can't complain. Anyone keeping or going into gold now is crazy.

08-19-2011, 02:08 AM	#12
My Pimp Confirmed User Join Date: May 2003 Posts: 1,201	I have silver somewhere. I thought it would be nothing worth. May be I should search for it.

08-19-2011, 02:15 AM	#13
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,422	instead... Imagine if you had bought domain names back then... brown.com, blue.com, computers.com, cars.com, auctions.com, etc... would have made your gold dream a nightmare.

08-19-2011, 07:01 AM	#14
Lykos Too lazy to set a custom title Industry Role: Join Date: Apr 2003 Location: World Posts: 31,027	Still made good cash,started to buy in 2006 __________________

08-19-2011, 07:40 AM	#16
LuckyMax Registered User Industry Role: Join Date: Apr 2006 Posts: 55	Imagine if you would have bought Apple's share back in 1994...

08-19-2011, 07:46 AM	#17
TheStout Confirmed User Join Date: Jul 2007 Posts: 2,089	Imagine you created a time machine and went back to 1950 with a sports almenac and placed a bunch of bets....

08-19-2011, 09:54 AM	#22
Chosen VIPPay.com \| AdultWebSponsors.com Industry Role: Join Date: Aug 2001 Posts: 63,151	I can't imagine that, I've had no interest in gold in my early childhood...

08-19-2011, 10:41 AM	#24
signupdamnit Confirmed User Industry Role: Join Date: Aug 2007 Posts: 6,697	I'd still take 1999 conversion ratios and ctr %ages again in 2011 over gold bought 30 years ago...

08-19-2011, 10:43 AM	#26
stinkyfingers Confirmed User Industry Role: Join Date: Sep 2007 Location: Canada Posts: 657	i'm rich biatch __________________ how can i help you today ?

08-19-2011, 11:30 AM	#32
ottopottomouse She is ugly, bad luck. Industry Role: Join Date: Jan 2010 Posts: 13,177	I was 6. Gold or a BMX? __________________ ↑ see post ↑ 13101

08-19-2011, 11:47 AM	#36
RyuLion ClubDomCash.com Industry Role: Join Date: Mar 2003 Location: San Diego Posts: 32,277	__________________ Adult Biz Consultant A tech head since 1995

08-19-2011, 12:08 PM	#38
BangThemes Confirmed User Industry Role: Join Date: Jul 2011 Posts: 191	I like more the idea of buying domains back in 1980 ))) google, facebook, gfy ))) __________________ Get 25% for each sale. Make money with our themes! Sign up now Adult Wordpress Themes: Ecort Agency theme, Adult tube wordpress theme, Adult Blog themes - BangThemes.com

08-19-2011, 12:34 PM	#47
blackmonsters Making PHP work Industry Role: Join Date: Nov 2002 Location: 🌎🌅🌈🌇 Posts: 20,652	Fuck my memory is bad. __________________ Get paid, get tools, get going with Camsoda Join Chaturbate get your cut of the pie