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re: investing in gold

Posted on 7/23/13 at 6:58 pm to
Posted by LSU alum wannabe
Katy, TX
Member since Jan 2004
27034 posts
Posted on 7/23/13 at 6:58 pm to
From all the BS
Cash for Gold" places and websites I assume that gold has more or less peaked. With nowhere to go but down?

What says the money gurus?
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 7/23/13 at 7:09 pm to
you'll be the smartest man in the room when SHTF and we're all being wiped off the face fo the earth by the illuminati and their secret army. When that happens, you will be able to grade your gold bars for essentials and you will look like a genius. Meanwhile guys like me with stocks and tinfoil hats will be swept under the rug and we will be crying,starving, and killing each other over tomato plants like the movie waterworld

Meanwhile those who own gold will be in private jets, vacationing like the elite.

If you can't sense my sarcasm, Im here to tell you that if and when SHTF, I, along with other people with guns will take your gold which will ultimately be worthless in an end of times scenario. Gold is up about $500 over the last 33 years, so aside from the gold bugs who tell you how gold is the greatest investment ever, run away. There are no dividends, and literally any dividend paying bluechip over the last 33 year timeframe has beaten gold soundly in terms of total return with dividends reinvested.

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