A gold buyer in 1981 would be a double loser.
Thank God I didn't buy gold in 1981. But... I bought gold bullion coins in 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012.
Plus it pays no dividends.
No it doesn't, but the right mining stocks will and the dividends should get larger when the price of gold rises.
It's this type of post that should cue one to start buying more gold. After all...
-The Euro crisis is over - No
-The debt ceiling is pretty much resolved - No
-The stock market is safe is for the average investor - hell no
-Unemployment is at 7.6%?
How about the real figures show that the labor force participation rate has just hit a 30 year low. The economy is failing to create new jobs.
-The US debt level will hit the danger zone that Greece was in just a few years ago when the European debt crisis started in a grand fashion.
-Is gold in a bubble? No one on this board has ever posted anything backing up this claim.
-Is gold expensive? It is, depending on your financial circumstances, but it will seem much more expensive when it's valued higher.
Another winning negative gold thread book marked for future shits and giggles.