re: ["gold went from $ 450 to near $ 700, more than the 33 % gain you report...many of us have had some gold, some silver,some platinum, and some palladium...and the point is, what to do from TODAY on...unless you are retiring from all this...you don't seem to be doing that..."]
after the gold rush;
The timeframe comparison is from the point of my swap out of gold into palladium and silver -- the linked post showed the comparison thru April -- per this post:
Message 22350508
Yes, Gold has rallied onward to a peak of $700 since that post (not that it matters if you haven't sold & banked it) -- so, the goldbugs instead of getting unmercifully battered by a 3:1 margin -- have now only had their returns doubled.
The revised results now look like this -- to date:
Palladium $180 to $410 = + 127%
stockcharts.com
Silver $7.00 to $15.21 = + 117%
stockcharts.com
Gold from $450 to $730 = + 62%
stockcharts.com
Okay -- happy now?
But, let me also pause to put the above in proper perspective and pardon me if I don't "really" buy into your rationalization of it being a "place", or "show" return on your bet:
Here's what riding the wrong bull during this recent stage of the commodity cycle has cost you:
If you had $1 million dollars invested in gold -- you made $620,000.
If you had $1 million dollars invested in palladium -- you made $1,270,000.00...or, another $550,000,00.
You left $65,000+ on the table for every $100k you had invested in gold...or, $650k+ for every $1million you had invested in gold.
...'taint chump change.
But, you show up here and want to rationalize it -- and you HAVEN'T EVEN BANKED the Gold move yet !?!?!
Now, that's chutzpah!
The ONLY real question on this endless circle-jerk arguement remains:
How much of it do you have safely tucked away in the bank?
You know, the reason I first came to SI was to find -- "new ideas"
I gave you the above...and I gave you this:
finance.yahoo.com
What have you given us ?
How many times do you people want to keep coming back and flipping the coin -- "double, or nothing" ?
As I said earlier -- the 'bugs got bigger fish to fry than -- "mwah" ...and you haven't said anything other than the same yada, yada, yada that the Oilpatch permabulls have been spewing for the last 6 years.
I'm not your problem.
Buffett -- who was the 'bugs gravitas posterboy with his pronouncements on derivatives, the dollar and his massive silver buy... has now closed out his dollar short and sold all his silver and created the greatest sin of all sins -- by calling commodities:
"a speculative bubble"
Go, ask Warren what he's done for you lately...
Fwiwm, over the last two years -- it hasn't been much -- he hasn't even kept up with the DOW, or S&P:
finance.yahoo.com
Buffett aside... when the loyalists like the Kitco-congnescenti of 'bugdom start bailing out... you got bigger fish to fry --ie:
Message 22461899
If you want to stop the exodus from ole' yeller -- I'd humbly suggest you head on over there to plead your case... because your repeated pleas for yet another -- "double, or nothing" coin flip hasn't done diddly squat for the ankle-biters over the last 7 years here.
Good Luck...and let me know when you guys finally come up with a new idea -- that does something more than merely -- "place", or "show"...while getting doubled, or tripled...
SOTB |
