'Which will happen first' threads.
renman95
Posts: 7,037 ✭✭✭✭✭
We've had many since this forum began...Apple vs. Gold, AMZN vs. Gold, NAZ 5000 or Gold 2000, blah, blah, blah.... I've instigated a few. Interestingly, mebbe not to smoe, equities have won a clean sweep in the past seven years IIRC. I've taken the equity side of the bet more times than not. Personally, I sold all my gold and silver from 2011 to mid 2013. I began my gold registries in December of 2015 with the purchase of a HR. Although I've enjoyed buying Saints, Liberty's, Indians on the cheap, at some point the tide has to turn, right. So, at the risk of sounding predictable....
which will happen first?
Dow 50,000 or Gold 5,000?
2c...for the Dow to hit 50,000 is only a 100% gain from here which can be reached in just nine years assuming the average 8% historical return. It would also mean an eighteen year bull market which has never happened. We haven't had a sizable correction in equities since January 2016 nor a crash since 2008/9. Gold on the other hand would have to rise 385%. Gold at $5000 would mean an 'ugly' world scenario. I prefer Dow 50,000.
And Gold at $2,500 would be nice... :-)
Comments
Dow. It may not happen in my lifetime though, but my guess, it will hit 50,000 before gold hits even 3,000.
Shirley, you jest.
I knew it would happen.
Wearing rose colored glasses - or beer goggles - does not allow for the obvious fact that markets will crash, black swan events will occur, regimes will change and of course there will be totally unforeseen events that will affect everything.... or most everything. If I could predict the future, I would already be wealthy beyond imagination - Gates and Buffet would be minor players in the world of wealth. Nonetheless, it is fun to speculate....Cheers, RickO
the more important question is "what will a dollar be worth at this point?"
"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
What difference would that make? Seriously, as long as the number I hold places me in the top half, what difference does the actual number make?
Knowledge is the enemy of fear
Ask a Zimbawen millionaire. He knows the difference.
"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
Dow 50k within 25 years. The U.S. Treasury stands ready with tens of trillions of USD on the keypad to make sure of it. It's the USA's new nuclear football and that's no joke either. By far the biggest threat to our national security is ourselves.
Which happens first. Gold at $2500 or cohodk and derryb agreeing on something?
m
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......
Gold at $2,500.
The rich in Zimbabwe in 2001 are still the rich in Zimbabwe in 2018.
Knowledge is the enemy of fear
I think we would agree that we make this forum more entertaining. Lol
Knowledge is the enemy of fear
i agree
"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
Debilitated currency is rarely the hallmark of a top tier economy.
derryb and cohodk do agree. They just disagree about the timing.
Here's a warning parable for coin collectors...