Home Precious Metals

2008 The Year In Review

Well, Gold didn't do so bad this year compared to about anything else.....

Gold 2008
image

Silver 2008
image

Platinum 2008
image

Dow started the year at 12,800 ending around 8800 as of this post.

S&P Down 39%

Nasdaq down 41%

Oil down over 60% (OK this one isn't really bad for consumers)

Home prices, mostly down, but depends where you live how much. (I am only down about 3 1/2 % from the high where I live, but we never had a huge run up.)

So at any rate, here is to putting 2008 behind us, and finding value in 2009.

Happy New Year!

imageQuid pro quo. Yes or no?

Comments

  • In 09 I believe the silver chart will look the same however inverted.
    Its all relative
  • CladiatorCladiator Posts: 18,050 ✭✭✭✭✭
    2008 sucked ass. As icing on the 2008 cake I got the worst news I've gotten all year, today...the last fracking day of the year. Good ridence '08, don't let the door hit you in the ass on the way out.
  • Clad, dont sugar coat it image
    Pecunia in arbotis non crescit.
  • A couple more:

    TLT 20-year U. S. Treasuries up about 25% (plus another 4% in yield)
    image

    GDX gold miners ETF down about 30%
    A number of the stock newsletters played this or some of the component gold mining stocks. Some lost their proverbial shirts with some gold newsletters reporting losses in excess of 60% for 2008.
    image
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Best year ever. No other year comes even close. I'm referring specifically to Numismatics revenues, as I couldn't care less about bullion volume and in fact would be happy to sell all the bullion/less expensive coin leads that I have and continue to get.

    I have a feeling that 2009 is going to be more of the same although there will probably be more liquidations which is just fine with me.

    Bring it on image
  • fastrudyfastrudy Posts: 2,096
    Nobody sez it better:Dave Barry's 2008 year in review
    Successful transactions with: DCarr, Meltdown, Notwilight, Loki, MMR, Musky1011, cohodk, claychaser, cheezhed, guitarwes, Hayden, USMoneyLover

    Proud recipient of two "You Suck" awards
Sign In or Register to comment.