Southie
January 31, 2015, 8:20pm
26
Re: is the gold rush over?
This thread is an example of how people make all sorts of bullish predictions based on old wives tales. But don’t come back to revisit their “bold” calls. As stated earlier gold at 1740 when thread opened was closer to peak than valley. But that didn’t deter some who maintained gold always maintains value..something abt CPI was thrown in for good measure. Alas, gold closed at 1190 friday. Drop of 550. Or drop of 32 pct. Meanwhile snp 500 in same time increased from 1430 to 1970. Or about 38 pct. Throw in 3 years of div at 2 pct per year. That is 44 pct. Or trounced gold by 76 pct in little less than 3 years.
Gold at 1180. Loss of 560. Or 32 pct. Snp500 at 1994. Gain of 564. Or 39 pct. Plus 2 pct yld. Or total return of 45 pct. Trounced gold by 77 pct in 3 years.