<< <i>The average annual return for stocks since 1926 has been 9.8%. The average inflation rate has been about 3%. Anyone know what the average annual percentage return has been for gold ? Link Looks like the 2013 return will be about -30% >>
The average gain in gold price for each of the last 11 years was 18.13% per year. That was an average of 18.13% figured on a new high each of those years, not based on the beginning price eleven years ago. The compounding affect of that 18.13% gain each year resulted in an actual gain of 485% in gold price during the eleven years. >>
Yes. This was a period of significantly above-average performance, historically speaking. Unprecedented, even.
Which suggests that we are now in for a period of underperformance. And it could be a long one. >>
That's funny. Do you look at the state of affairs in the U.S. economy and U.S. government? Sure PMs could under-perform near term, but we're headed for a financial crisis that will make 2008 look like a spring rain. That much is assured.
<< <i>The average annual return for stocks since 1926 has been 9.8%. The average inflation rate has been about 3%. Anyone know what the average annual percentage return has been for gold ? Link Looks like the 2013 return will be about -30% >>
The average gain in gold price for each of the last 11 years was 18.13% per year. That was an average of 18.13% figured on a new high each of those years, not based on the beginning price eleven years ago. The compounding affect of that 18.13% gain each year resulted in an actual gain of 485% in gold price during the eleven years. >>
Yes. This was a period of significantly above-average performance, historically speaking. Unprecedented, even.
Which suggests that we are now in for a period of underperformance. And it could be a long one. >>
Whats the point in pointing out the return on stocks dating back to 1926? I doubt most on these boards have been investing that long period[except of course the resident dinosaurs]. I don't know of anyone [aside form the FED's] whom has been invested in stocks dating back to then. Also maybe a little issue often overlooked in that performance calculations is how many people owned stocks then and came out of a little known event called "the great depression" owning nothing and so on. Historic performance is not anyway to invest today.. maybe that's just me.
<< <i>Patience has cost some people more than 1/2 their wealth.
It is obvious that QE has not benefited PMs to the extent the patient have hoped. Should we now hope time will cure the wounds? Too much hope involved, imo.
<< <i>Patience has cost some people more than 1/2 their wealth.
It is obvious that QE has not benefited PMs to the extent the patient have hoped. Should we now hope time will cure the wounds? Too much hope involved, imo.
PMs probably suffer another year of boredom. >>
That's okay by me. >>
Me too. My stack is my savings, not next month's house payment.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yes, most of us have grown complacent about our metals holdings, and have accepted the probability that most of this generation's gains in PM prices are behind us, having participated in the bull market of a lifetime, we are wistful that those heady days of "new record high!!" are in the receding past, and most likely, their return is in the distant future.
Representing only a fraction of my savings, my pms can sit there and glitter, oscillating around the current values, and can even lose half or more of their remaining value, almost without my noticing (since other savings are making up the difference in relative performance) although if that latter happens, an asset allocation model will have me selling other assets and buying more metals to rebalance.
<< <i>Yes, most of us have grown complacent about our metals holdings, and have accepted the probability that most of this generation's gains in PM prices are behind us, having participated in the bull market of a lifetime, we are wistful that those heady days of "new record high!!" are in the receding past, and most likely, their return is in the distant future.
Representing only a fraction of my savings, my pms can sit there and glitter, oscillating around the current values, and can even lose half or more of their remaining value, almost without my noticing (since other savings are making up the difference in relative performance) although if that latter happens, an asset allocation model will have me selling other assets and buying more metals to rebalance. >>
Another realistic way of looking at it would be that this bull gold cycle has only been 12 years in the making. Most last longer. Also over the course of the past 12 years gold had had much deeper corrections along the way. Pick your poison. For sure I agree gold/metals should only be part of ones net worth.
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Very recent Citi survey shows the wealthiest citizens holding 39% cash.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Very recent Citi survey shows the wealthiest citizens holding 39% cash. >>
So I guess they are not afraid of "The catalyst for PMs will not be QE it will be the scramble from the dollar"?
It one thing to be patient if you are beginning to accumulate something that has dropped 50% in value, but quite another to those that accumulated 50% higher. I guess to them one can only say to remain faithful and hopeful?
<< <i>Very recent Citi survey shows the wealthiest citizens holding 39% cash. >>
While far from the wealthiest, that figure describes me. Of course we're talking cash equivalents, not literally cash. A high percentage of seniors and other retirees are almost exclusively in cash equivalents and as you know, many are them would be considered "the wealthiest citizens".
<< <i>Very recent Citi survey shows the wealthiest citizens holding 39% cash. >>
So I guess they are not afraid of "The catalyst for PMs will not be QE it will be the scramble from the dollar"?
It one thing to be patient if you are beginning to accumulate something that has dropped 50% in value, but quite another to those that accumulated 50% higher. I guess to them one can only say to remain faithful and hopeful? >>
Most folks would find it troubling if their entire investment thesis was based on the Faith that my country would collapse, and the Hope that it does, in order to profit from it.
<< <i>Very recent Citi survey shows the wealthiest citizens holding 39% cash. >>
So I guess they are not afraid of "The catalyst for PMs will not be QE it will be the scramble from the dollar"?
It one thing to be patient if you are beginning to accumulate something that has dropped 50% in value, but quite another to those that accumulated 50% higher. I guess to them one can only say to remain faithful and hopeful? >>
Most folks would find it troubling if their entire investment thesis was based on the Faith that my country would collapse, and the Hope that it does, in order to profit from it. >>
No one here wants their country to collapse but we are realistic enough to buy insurance in case it happens. Not all of us live in Baleyville after all.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Most folks would find it troubling if their entire investment thesis was based on the Faith that my country would collapse, and the Hope that it does, in order to profit from it. >>
Prepare for the worst and hope for the best. Faith and hope have nothing to do with what is in plain sight. Some of us can see deep into the forest, beyond that first patch of trees. The dollar is being run into the ground. This may are may not result in a collapse of the country. While historically an end result, let's hope this time it is different.
You'd be amazed at the number 1%ers who are profiting from the destruction while the patriotic many continue to lose wealth/value.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You'd be amazed at the number 1%ers who are profiting from the destruction while the patriotic many continue to lose wealth/value
So if you dont buy PMs you are unpatriotic? That kind of rhetoric is unfathomable. Im shocked and disgusted by your comment. If you want to move to Russia, Ill buy the airline ticket and your first six months rent. If not for just writing the preceeding I would say im speechless.
<< <i>You'd be amazed at the number 1%ers who are profiting from the destruction while the patriotic many continue to lose wealth/value
So if you dont buy PMs you are unpatriotic? That kind of rhetoric is unfathomable. Im shocked and disgusted by your comment. If you want to move to Russia, Ill buy the airline ticket and your first six months rent. If not for just writing the preceeding I would say im speechless. >>
WHATTTT? Where did you see any comment or one inferring that anyone whom doesn't buy PM's is unpatriotic? I'm beginning to think you've been pals with Al not so Sharpeton and looking for a good ambulance or race to chase!
Not that I think derryb was claiming the lack of patriotism, but if anything, buying PMs would be unpatriotic. Because your best interest (depending on the size of your hoard) would be for the dollar to drop!
References: Too many to list. PM for details. 100% satisfaction both as buyer and seller. As a seller, I ship promptly and keep buyers updated.
<< <i>You'd be amazed at the number 1%ers who are profiting from the destruction while the patriotic many continue to lose wealth/value
So if you dont buy PMs you are unpatriotic? That kind of rhetoric is unfathomable. Im shocked and disgusted by your comment. If you want to move to Russia, Ill buy the airline ticket and your first six months rent. If not for just writing the preceeding I would say im speechless. >>
As usual, words are twisted so that they say what one wants them to say. Read it again without a narrow minded, one-sided view.
Better yet I'll explain it: The destruction of our dollar (by creating so many new ones and reckless debt) is benefiting the wealthy and almost exclusively the wealthy while most of America, without the funds to ride the FED's stock market gravy train, continue to lose money on what they have saved because of both zero percent interest rate policy and devaluation through a ridiculously increased money supply. The destruction of our currency and of our economic system is designed to benefit a very select few. You either see this now or you will see it when it is too late - you will see it. Class dismissed.
It's this kind of crap that makes it really hard to have any kind of faith in the system or in my fellow Americans to do anything about it: Congress Sells Out To Wall Street, Again
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
<< <i>
<< <i>
<< <i>The average annual return for stocks since 1926 has been 9.8%. The average inflation rate has been about 3%.
Anyone know what the average annual percentage return has been for gold ?
Link Looks like the 2013 return will be about -30% >>
The average gain in gold price for each of the last 11 years was 18.13% per year. That was an average of 18.13% figured on a new high each of those years, not based on the beginning price eleven years ago. The compounding affect of that 18.13% gain each year resulted in an actual gain of 485% in gold price during the eleven years. >>
Yes. This was a period of significantly above-average performance, historically speaking. Unprecedented, even.
Which suggests that we are now in for a period of underperformance. And it could be a long one. >>
That's funny. Do you look at the state of affairs in the U.S. economy and U.S. government? Sure PMs could under-perform near term, but we're headed for a financial crisis that will make 2008 look like a spring rain. That much is assured.
<< <i>
<< <i>
<< <i>The average annual return for stocks since 1926 has been 9.8%. The average inflation rate has been about 3%.
Anyone know what the average annual percentage return has been for gold ?
Link Looks like the 2013 return will be about -30% >>
The average gain in gold price for each of the last 11 years was 18.13% per year. That was an average of 18.13% figured on a new high each of those years, not based on the beginning price eleven years ago. The compounding affect of that 18.13% gain each year resulted in an actual gain of 485% in gold price during the eleven years. >>
Yes. This was a period of significantly above-average performance, historically speaking. Unprecedented, even.
Which suggests that we are now in for a period of underperformance. And it could be a long one. >>
Whats the point in pointing out the return on stocks dating back to 1926? I doubt most on these boards have been investing that long period[except of course the resident dinosaurs]. I don't know of anyone [aside form the FED's] whom has been invested in stocks dating back to then. Also maybe a little issue often overlooked in that performance calculations is how many people owned stocks then and came out of a little known event called "the great depression" owning nothing and so on. Historic performance is not anyway to invest today.. maybe that's just me.
Gold 1125
Silver 16.50
<< <i>Patience has cost some people more than 1/2 their wealth.
It is obvious that QE has not benefited PMs to the extent the patient have hoped. Should we now hope time will cure the wounds? Too much hope involved, imo.
PMs probably suffer another year of boredom. >>
That's okay by me.
<< <i>
<< <i>Patience has cost some people more than 1/2 their wealth.
It is obvious that QE has not benefited PMs to the extent the patient have hoped. Should we now hope time will cure the wounds? Too much hope involved, imo.
PMs probably suffer another year of boredom. >>
That's okay by me. >>
Me too. My stack is my savings, not next month's house payment.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Representing only a fraction of my savings, my pms can sit there and glitter, oscillating around the current values, and can even lose half or more of their remaining value, almost without my noticing (since other savings are making up the difference in relative performance) although if that latter happens, an asset allocation model will have me selling other assets and buying more metals to rebalance.
Liberty: Parent of Science & Industry
<< <i>Yes, most of us have grown complacent about our metals holdings, and have accepted the probability that most of this generation's gains in PM prices are behind us, having participated in the bull market of a lifetime, we are wistful that those heady days of "new record high!!" are in the receding past, and most likely, their return is in the distant future.
Representing only a fraction of my savings, my pms can sit there and glitter, oscillating around the current values, and can even lose half or more of their remaining value, almost without my noticing (since other savings are making up the difference in relative performance) although if that latter happens, an asset allocation model will have me selling other assets and buying more metals to rebalance. >>
Another realistic way of looking at it would be that this bull gold cycle has only been 12 years in the making. Most last longer. Also over the course of the past 12 years gold had had much deeper corrections along the way. Pick your poison. For sure I agree gold/metals should only be part of ones net worth.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Very recent Citi survey shows the wealthiest citizens holding 39% cash. >>
So I guess they are not afraid of "The catalyst for PMs will not be QE it will be the scramble from the dollar"?
It one thing to be patient if you are beginning to accumulate something that has dropped 50% in value, but quite another to those that accumulated 50% higher. I guess to them one can only say to remain faithful and hopeful?
Knowledge is the enemy of fear
<< <i>Very recent Citi survey shows the wealthiest citizens holding 39% cash. >>
While far from the wealthiest, that figure describes me. Of course we're talking cash equivalents, not literally cash. A high percentage of seniors and other retirees are almost exclusively in cash equivalents and as you know, many are them would be considered "the wealthiest citizens".
<< <i>
<< <i>Very recent Citi survey shows the wealthiest citizens holding 39% cash. >>
So I guess they are not afraid of "The catalyst for PMs will not be QE it will be the scramble from the dollar"?
It one thing to be patient if you are beginning to accumulate something that has dropped 50% in value, but quite another to those that accumulated 50% higher. I guess to them one can only say to remain faithful and hopeful? >>
Most folks would find it troubling if their entire investment thesis was based on the Faith that my country would collapse, and the Hope that it does, in order to profit from it.
Liberty: Parent of Science & Industry
<< <i>
<< <i>
<< <i>Very recent Citi survey shows the wealthiest citizens holding 39% cash. >>
So I guess they are not afraid of "The catalyst for PMs will not be QE it will be the scramble from the dollar"?
It one thing to be patient if you are beginning to accumulate something that has dropped 50% in value, but quite another to those that accumulated 50% higher. I guess to them one can only say to remain faithful and hopeful? >>
Most folks would find it troubling if their entire investment thesis was based on the Faith that my country would collapse, and the Hope that it does, in order to profit from it. >>
No one here wants their country to collapse but we are realistic enough to buy insurance in case it happens. Not all of us live in Baleyville after all.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Most folks would find it troubling if their entire investment thesis was based on the Faith that my country would collapse, and the Hope that it does, in order to profit from it. >>
Prepare for the worst and hope for the best.
Faith and hope have nothing to do with what is in plain sight. Some of us can see deep into the forest, beyond that first patch of trees. The dollar is being run into the ground. This may are may not result in a collapse of the country. While historically an end result, let's hope this time it is different.
You'd be amazed at the number 1%ers who are profiting from the destruction while the patriotic many continue to lose wealth/value.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
So if you dont buy PMs you are unpatriotic? That kind of rhetoric is unfathomable. Im shocked and disgusted by your comment. If you want to move to Russia, Ill buy the airline ticket and your first six months rent. If not for just writing the preceeding I would say im speechless.
Knowledge is the enemy of fear
<< <i>You'd be amazed at the number 1%ers who are profiting from the destruction while the patriotic many continue to lose wealth/value
So if you dont buy PMs you are unpatriotic? That kind of rhetoric is unfathomable. Im shocked and disgusted by your comment. If you want to move to Russia, Ill buy the airline ticket and your first six months rent. If not for just writing the preceeding I would say im speechless. >>
WHATTTT? Where did you see any comment or one inferring that anyone whom doesn't buy PM's is unpatriotic? I'm beginning to think you've been pals with Al not so Sharpeton and looking for a good ambulance or race to chase!
<< <i>You'd be amazed at the number 1%ers who are profiting from the destruction while the patriotic many continue to lose wealth/value
So if you dont buy PMs you are unpatriotic? That kind of rhetoric is unfathomable. Im shocked and disgusted by your comment. If you want to move to Russia, Ill buy the airline ticket and your first six months rent. If not for just writing the preceeding I would say im speechless. >>
As usual, words are twisted so that they say what one wants them to say. Read it again without a narrow minded, one-sided view.
Better yet I'll explain it: The destruction of our dollar (by creating so many new ones and reckless debt) is benefiting the wealthy and almost exclusively the wealthy while most of America, without the funds to ride the FED's stock market gravy train, continue to lose money on what they have saved because of both zero percent interest rate policy and devaluation through a ridiculously increased money supply. The destruction of our currency and of our economic system is designed to benefit a very select few. You either see this now or you will see it when it is too late - you will see it. Class dismissed.
It's this kind of crap that makes it really hard to have any kind of faith in the system or in my fellow Americans to do anything about it:
Congress Sells Out To Wall Street, Again
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey