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/biz/ - Business & Finance

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File: 19 KB, 346x346, Peter-Schiff.jpg [View same] [iqdb] [saucenao] [google]
19213340 No.19213340 [Reply] [Original]

As of today, if you bought gold at any time in human history other than the period between June 6th, 2011 and Nov 01st, 2012, you are nominally up on your investment.

>> No.19213372

>>19213340
people love to criticize schiff for recommending gold at $1900, they forget he also recommended it at $250

>> No.19213393
File: 47 KB, 600x450, JP-Morgan-Gold.jpg [View same] [iqdb] [saucenao] [google]
19213393

>>19213340

>> No.19213414

>>19213340
I bought at 1120 a few years back. Did I do good?

>> No.19213508

>>19213414
good job anon, clap clap

>> No.19213554

>>19213340
>Imagine waiting years to be up only 20% of your initial investiment.

>> No.19213569

>>19213554
>Imagine not understanding the difference between insurance and investing

>> No.19213579

>>19213340
Gold is money, it's not an investment

>> No.19214295
File: 2.23 MB, 3648x2736, P2170393.jpg [View same] [iqdb] [saucenao] [google]
19214295

I'm posting it again.

>> No.19214460

>>19214295
wow nice 1000$ stack

>> No.19214737

>>19214295
I'm not going to sell that. I'll probably pass it to my nephew when it's my time to shuffle off this mortal coil. But, I wonder how much I could get for it on ebay today. It's over $3200 just melt value right now.

>> No.19214771
File: 402 KB, 757x656, Au.jpg [View same] [iqdb] [saucenao] [google]
19214771

>>19213340

>> No.19214796

>>19213340
Oh go fuck yourself Peter.

>> No.19214986

>what is opportunity cost

>> No.19215221

If you'd stuck the cash equivalent in a bank account paying 1% interest, you'd be nominally up on your investment

>> No.19215368

>>19213340
correction * between Aug - Nov

>> No.19215720
File: 701 KB, 1245x1907, schiff 1.png [View same] [iqdb] [saucenao] [google]
19215720

WTFWT

>> No.19216013

>>19213340
real money is only going up from here. Stocks still have a couple more insanely large drops to go, the next ones are going to be bad and then it will be down for the count. There is no V shaped recovery, there is no L shaped recovery, its an l recovery.

>> No.19216403

>>19214460
Thats worth 3k or more idiot. So almost 5x in 19 years, thats a great return