Quote:
Originally Posted by samsonh
It's interesting to imagine the wealth that has been destroyed by gold fanatics. Either in opportunity cost or the recent dowswing
lol.
Start from post #1 and read through all 5000 to get caught up to speed.
Quote:
Originally Posted by Janabis
No, the opportunity cost of holding gold is whatever other investment has the highest return (ie. stocks). If there's something that returns more than stocks then you should compare it to that. Comparing it to paper is irrelevant.
No. Why do people move their money into cash or treasuries? When they think stocks are overpriced and don't want to be in the market, they move their money into something to to save it for the time being and sustain it's value. Gold is the alternative for dollar bills and fiat currencies. What you're suggesting is that money can and should be in the most profitable investment at all times but overlooks the fact that there's transitional periods in investing. Stocks are for investing and growing wealth, gold is used as a store of value and savings. The relevant comparison is to dollars.
Quote:
Originally Posted by clowntable
level?
Judging from other posts, no. Thus, lol.