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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.12+0.8%Nov 26 4:00 PM EST

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To: zamboz who wrote (54690)9/8/2009 7:52:15 AM
From: TobagoJack  Read Replies (3) of 218059
 
let us not talk about gold bathtubs so we do not jinx what we must not

actually, the gold bugs in the main are quite greedy, unsatisfied for the most part by the steady returns to sorry date

i am satisfied with gold's performance since when i owned it

Message 25290145

1999 Dec 31st USD 288/oz
2000 Dec 29th USD 271/oz -6%
2001 Dec 31st USD 278/oz +3%
2002 Dec 31st USD 347/oz +25%
2003 Dec 31st USD 415/oz +20%
2004 Dec 31st USD 437/oz +5%
2005 Dec 30th USD 514/oz +18%
2006 Dec 29th USD 636/oz +24%
2007 Dec 31st USD 833/oz +31%
2008 Dec 31st USD 880/oz +6%
2009 Dec 31st USD ?/oz +/- ?%


looks like we are tracking to eoy price at 1,000+, a very reasonable 14+% return on cash ytd, or 13+% per annum over the past 10 years :0)

just goes to show that should we get the big picture framed correctly, based on a sound premise, the steady returns would take care of themselves, just rolling in, year after year
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