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There are, ultimately, very few hedges against economic collapse. Land, food and knowledge are the only sure bets.
Gold Price
A) OK, I know almost everyone on this site is much smarter than I, and probably were on this site during this time frame.
If you look at the large graph a little down from what you see on your screen when you first go there, you will see a large graph of SILVER prices.
(click on SILVER and then select 10 year)
See that HUGE spike in the price of silver going through the roof between 4 August 2010 and 21 April 2011?
What the hell happened?
B) If you use the same graph, look at that DRASTIC DROP from 21 April 2011 down to 03 June 2011 and further down to 09 July 2013.
Does anyone know what happened there?
Was it a global thing, and artificial thing, a panic thing, or what.
As evidence you guys are much smarter than I, I bought 10 silver rounds in Rapid City, SD for over $40 each when the price was in the stratosphere. I did not bother to check on the prices before I bought any. It was my first time. Dumb, dumb, dumb.
However, it sure was a learning experience and character builder.
I await your wise and sound explanations.
When the market crashed a lot of people decided that commodities were the best hedge so that's the direction they went. The buying, in my entirely not professional opinion, was largely emotionally driven. Then, when people realized that the price had exceeded (in adjusted dollars) the boom/bust in the early 80's they started backing off.
There are, ultimately, very few hedges against economic collapse. Land, food and knowledge are the only sure bets.
Add fuel, guns, and ammunition.
I know almost everyone on this site is much smarter than I
when the wife gets fed up with my crap and puts antifreeze in my sweet tea.
Yer feeling that way is an indication that you likely have more useful intelligence than the many members of this community who overestimate their brain power.
One respectful suggestion — "smarter than me." I've been "into" grammar skills over the years, an investment of questionable value, I suppose.
Give it a good sniff before consuming.
The Great Recession began in December, 2007.
On Nov. 30, 2007, gold was $781.4/oz. - right now it is $1120.49/oz..
That is a 43.39% return.
On Nov.30, 2007, the DOW was 13,371.72 - right now it is 15,944.46.
That is a 19.24% return.
NEVER bet against gold during uncertain times...but be prepared for a roller coaster.
Gold Price History - 2007
Dow Jones Industrial Average History (DJIA / Dow 30)
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