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Politics : Welcome to Slider's Dugout

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To: Fun-da-Mental#1 who wrote (8416)3/15/2008 10:38:17 PM
From: inchingup  Read Replies (1) of 50725
 
RE: Gold

"Enjoy it while it lasts but be prepared for it to end at any time. Buy every dip and sell every rally"

I bet if one looked through the archives one could find that same or similar statement 1000 times. If someone would have followed that advice they would likely also have made 1000 trades and ended up even at best.

The facts are simple. Those who bought gold at a time no one else cared about it are doing just fine. It could drop down to $600 and still be twice as good as holding cash since 2001.

It's also pretty to look at, fun to play with, doesn't disintegrate when buried in the ground and unlike currency can't be chewed up by your dog.
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