I'm a firm believer of gold & silver

lionken07

Gold and silver is said to be god's money and I truly believe any investors should have at least 10-20% of their $$ invest in some.

And for that we only have to look at the essay titled "The Day the Dollar Died - and the Day Gold was Reborn" by Bill Downey of technicalcommoditytrader.com, who has researched a handy comparison between then and now.

He compares "How Much things cost on Aug 15th, 1971" to what they cost today.

Dow Jones Industrial Average 890 or 25 oz. gold in 1971, versus 9,000 or 10 oz. gold today.

Average Cost of new house $25,250 or 721 oz. gold in 1971, versus 250,000 or 277 oz. gold today.

Average Income per year $10,600 or 302 oz. gold in 1971, versus $70,000 or 77 oz. gold today.

Average Monthly Rent $150 or 4.3 oz. of gold in 1971, versus $824 or 1 oz. of gold today.

Datsun 1200 Sports Coupe $1,866 or 53 oz. gold in 1971, versus $28,400 or 31 oz. gold today.

"Conclusion: If your money is dollars, you live in an inflationary world. If your money is denominated in gold, you live in a deflationary world."

These are all in USD but you get the point.

[ 本帖最後由 lionken07 於 2009-8-20 12:15 編輯 ]

lionken07

I think now might be a bit too late to buy.  I started buying years ago.  That was when gold was $400.00 USD an ounce and silver was just $4.00 USD an ounce.  5 years later now they are $950.00 USD an ounce for gold and $15.00 for silver.

with that said, it is better late than never

[ 本帖最後由 lionken07 於 2009-8-20 12:18 編輯 ]

941arrow

I trust , always 一安士黃金可以買到約600條麵包。過去二千多年的歷史之中，這項黃金與麵包關係維持不變。

lionken07

http://www.youtube.com/watch?v=S ... 4525444&kw=gold

One of the main problem with paper money is that it's not back by anything.  Long time ago it was back by either gold or silver.  Meaning you can exchange a bill with an ounce of silver or something of that nature.  Now it's "suppose" to be back by the government.  We all know how well that work out...