Did you short gold?

[sumdumguy]

Google kitco.com gold $1612.40.

[stonepicker]

I'm long gold, should've invested in CP Rail instead eh? lol.

[cottonpicken]

Loose your shirt if you shorted something like gold.

[stonepicker]

Long term,gold is good.

[cottonpicken]

5000%,10% annulized gain in 40 years,not bad.

[FarmRanger]

Was the 1973 price of gold $36?
Just a question as $36 with an average 10%
return would be worth the price of gold mentioned
above.

[cottonpicken]

Yes,gold had a fixed price of 35$ till "i'm not a crook"
had to let it float because de not so gullible gaulle
was converting dollars to gold because apparently
social programs and wars cost money and the best
way to tax/fleece the public is to simply debase the
currency.

Back then i guess the french could read because
today they can't...their trapped and are on their way
to being a foot note in a far off economic text book
called "how to not structure an economy".

10% is the annualized 40 year rate on gold,of course
the best course would have been to dump in 82,buy
bonds at 18%,cycle out and buy stocks 90's,cycle out
buy some real-estate,cycle out and back into gold
and voila you've gone full circle through the 4 major
asset classes,to bad its different this time.

[HappyFarmer]

You have me convinced cotton.


http://www.marketwatch.com/story/how-gold-will-
benefit-from-a-currency-war-2013-02-15