Re: Gold and the DOW

On 24 Feb 2009 22:40:27 GMT, Curly Surmudgeon
<CurlySurmudgeon@xxxxxxxx> wrote:

On Tue, 24 Feb 2009 16:26:20 -0500, Observer wrote:

On Tue, 24 Feb 2009 13:57:08 +0000 (UTC), EskWIRED@xxxxxxxxxxxxxxxxxxx
wrote:

In misc.survivalism, Winston_Smith <not_real@xxxxxxxxx> wrote:

Gold has broken this technical only twice since the DOW has existed.
....when it did the DOW dropped to where it was one to one with gold.
And it did it in less than five years. Once was the great depression
and the other was in 80.

What happened shortly after gold hit this peak in 1980? After gold hit
a peak of near $900, didn't it drop damn near 50% to $450 or so in a
couple of months?

And what was the price around 20 years later? Didn't gold fall for
decades (with a few rallies mixed in), bottoming out at $250 or so near
the turn of the century?

IOW, isn't this a good time to SELL? I suppose you have faith that past
performance is no indication of future returns. Some folks, OTOH, think
that those who fail to learn from history are doomed to repeat it.

What other asset classes have outperformed precious metals pre & post
the Bush years?

Big oil, corporate medical monopolies, pharmaceuticals, and war suppliers.

Oil lately? I know $/barrel had dropped, but $/gallon are inflated at
the pump. Any stock symbols to look at?

Funny that $145/barrel = $4 at the pump and $40/barrel = $2 at the
pump.

I know there are profits to be made on war stocks, but I can't accept
the karma for doing so.

I can't think of any others.

__

The last official act of any government is the looting of the nation.

__

The last official act of any government is the looting of the nation.
.

Relevant Pages

  • PAPER MONEY CONTROVERSY, ENGLAND 1856
    ... ISSUED BY GOVERNMENT ... millions which constitute the "capital" of the nation. ... certain quantity of gold of ascertained fineness. ... Take the Bank return ...
    (sci.econ)
  • alt.politics, soc.culture.israel, alt.politics.democrats, alt.politics.republicans, alt.lawyers
    ... Gold was $700 plus while I was saying don't buy Gold because when they ... I tried to get the US Government to set the Value of Gold per ounce, ... My Name is Joseph R Loegering ... descendant of Israel that believes Jesus is Christ, ...
    (soc.culture.israel)
  • Re: Another "free" newsletter
    ... They recommend gold shares but there's still a conflict of interest ... Government Accountability Office and then followed up with him on ... Government Debt: Termites in the House ... competently recite the situation of six different budget projections ...
    (misc.invest.stocks)
  • Re: PAPER MONEY CONTROVERSY, ENGLAND 1856
    ... ISSUED BY GOVERNMENT ... holds that the circulating medium of the country should be ... certain quantity of gold of ascertained fineness. ... Take the Bank return ...
    (sci.econ)
  • Re: PAPER MONEY CONTROVERSY, ENGLAND 1856
    ... ISSUED BY GOVERNMENT ... certain quantity of gold of ascertained fineness. ... Take the Bank return ... and at the same time expansive paper currency. ...
    (sci.econ)
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