Ponzi scheme former UCR exec
09-26-2012, 10:34 AM
#32
Rennlist Member
Thread Starter
even in current dollars gold was at 1910 last year and is 1747 today.
I assume you are questioning the gold comment not the oil.
according to CPI data ; 1$ in 1980 = 3.57$ today so 850 (1980 high, highest price of gold before last year) X 3.57=3034.50.
please share your reasoning.
I assume you are questioning the gold comment not the oil.
according to CPI data ; 1$ in 1980 = 3.57$ today so 850 (1980 high, highest price of gold before last year) X 3.57=3034.50.
please share your reasoning.
09-26-2012, 12:38 PM
#33
even in current dollars gold was at 1910 last year and is 1747 today.
I assume you are questioning the gold comment not the oil.
according to CPI data ; 1$ in 1980 = 3.57$ today so 850 (1980 high, highest price of gold before last year) X 3.57=3034.50.
please share your reasoning.
I assume you are questioning the gold comment not the oil.
according to CPI data ; 1$ in 1980 = 3.57$ today so 850 (1980 high, highest price of gold before last year) X 3.57=3034.50.
please share your reasoning.
My guess is he is going to challenge you to a race, 993 TT vs 993 TT,
should be epic.
Where, at Mosport of course
09-26-2012, 01:35 PM
#35
Rennlist Member
09-26-2012, 02:05 PM
#36
Rennlist Member
Thread Starter
not irritated at all but always enjoy an educated discussion on the only thing that has had value for thousands of years.
hey cut Ronnie some slack he has had the turbo on track at Mosport I believe...parade lap at ALMS
hey cut Ronnie some slack he has had the turbo on track at Mosport I believe...parade lap at ALMS
09-26-2012, 04:03 PM
#37
Race Car
My garage queen will never even see the dusty infield at Mosport again!......but I am shopping for a daily driver/autocross/DE/rally 993 NA to suppliment my "Black Beauty". I am negotiating a deal as I type. Danny, does your data not show that gold has not kept up with inflation over that period and is therefore not a good long term investment? I bet if you look at more recent time series over the last 10 years, gold has appreciated way over CPI and I think is very highly priced so there is way more downside risk than upside...... a bubble me thinks.
09-26-2012, 04:29 PM
#38
Rennlist Member
Thread Starter
so it looks like you are taking this statement back?
over the last 20 years it has not been a great investment. The last 10 years it has. however I think the equities markets (with the exception of Apple) has much greater downside presently especially the ones trading in Bernake dollars (increasing supply of 40 billion per month!). Gold will never go to zero. The rest of the world doesn;t look great either Europe, PIIGS, England, Japan all major recessions now or coming soon. Better protect yourself.
over the last 20 years it has not been a great investment. The last 10 years it has. however I think the equities markets (with the exception of Apple) has much greater downside presently especially the ones trading in Bernake dollars (increasing supply of 40 billion per month!). Gold will never go to zero. The rest of the world doesn;t look great either Europe, PIIGS, England, Japan all major recessions now or coming soon. Better protect yourself.
09-26-2012, 04:34 PM
#39
Race Car
Nope. Read it again and think about risk.......but I agree with you on most of the rest............bet you're really confused now 'eh?
Last edited by ronnie993tt; 09-27-2012 at 02:41 PM.
09-27-2012, 03:38 PM
#41
