No, but Cramer says buy, buy, buy.
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Hi Shasta, how are you doing mate.
Hey, for anybody who is into Gold, Silver, or Metals in general, there is a cool little addon for FireFox called Live Gold
It can give you gold charts by year, daily, monthly whatever and as well as other metals as already mentioned.
Anyhoo if you use firefox then I recommend you check it out: https://addons.mozilla.org/en-US/fir...don/live-gold/
cheers :)
Skoly you would have to ask a true blue goldbug that one .
I will give you a bit of research to do.Rather than debate as you are convinced you are right come hell or highwater and ignore any reason.
What constituted the measure of GDP then(after WW2?)
Is it the same measure as used now?
Do you understand how they measure their GDP?How did they handle that problem then?(they were still on the gold standard,yes)
As I have said to you before not interested in getting into a pissing contest.
What ever is said here whos right whos wrong it will all become apparent in due course
Skol, aren't you always banging on about how the USA got through the 30's depression with their war machine? Turns out it was the intense saving going on that freed up funds after the war, so businesses could rebuild after an unfriendly few years. GDP was high during the war, but it was all govt spending and churn.
I wonder how many Americans put their savings into gold and silver?
Probably quite a few I would imagine, with all the newspaper advertising, Glenn Beck raving on about the coming return to the stone age, gold vending machines, endless gold ads on TV, etc.
Just like loads of suckers bought property and were going to make their fortune.
What I like to bang on about EZ is that any country that can build all that stuff during WW2 will overcome their problems. In addition to all the jeeps, tanks, ships, guns, ammo, bombers, fighters and food they produced in the war they also managed to build and equip an aircraft carrier every 2 weeks.. They started the war with 1 carrier and ended up with 99.
Mubarak's thrown in the towel, so there's one less reason to own gold.
Hi Skol, what I meant was that perhaps some of the very useful domestic saving done during WWII would have been held in gold and silver bullion. I just thought the article was interesting and had to tie it back in somehow :).
I'm not sure if this Bloomberg Article on the bull market for gold/silver has been posted. The analysts that come up with a price of $1620 gold in 2011 have a very low average error in their normal predictions. So I'd think an average of their calculations should be quite good.
My thinking is more in line with yours than you'd expect. Properly invested money in an industry or business is far more useful long-term than hoarding bullion. And the return should also be higher. It's just that during some periods of history, you need to be more careful, and a higher level of backup savings (or reduced investment?) is pertinent. If I did have lots of spare cash looking for a home, I'd rather have some gold or silver bullion (or mining shares) than all of that money in a low interest bank account.
Hey JB,
What's happened to NAV? Looks like the death knell.