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Old 11-21-2008, 06:57 PM
motordavid's Avatar
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Quote:
Originally Posted by Eric5273
http://www.goldprice.org/live-gold-price.html

Up about 15% since the middle of last week, and up over 125% in the last 5 years. I'd say it's a pretty good and steady long term investment with minimal risk. ...
Not a gold expert, ( I do own some, both reg & of numismatic quality),
but before you toss up a snapshot comparo stat, you might do a lil'
digging with "price" vs inflation adj price, and look back a few months
when those gold bugs bought it at its recent top. If you think it's a
"steady long term investment with minimal risk", throw some dough at
it, but that's a pretty glib comment on your part, imo. We aren't shopping
for cauliflower.

I don't think it's a "bad" investment, and ought to be part of any good
sized port. But, unless it's Apocalypse Now, I wouldn't bet my ranchettes on
being a huge gold bug, imo.
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