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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (63279)6/10/2006 7:00:59 PM
From: Claude Cormier  Read Replies (2) | Respond to of 110194
 
First, the context of the message was "fiat currencies" and my statement was comparing gold to fiat currencies.

Second, I never suggested that gold would outperform the stock market in general.

Furthermore, taking a high and low of a bear market to make your point is not correct. It is like if I had said that the stock market lost 40% of its value from 1965 to 1981 while gold whent up 25 fold in that period.

An finally, although the stock markets will always be there and be higher over decades, individual stocks can go bankrupted and disapear.

Gold will always be there and over time will maintain its puchasing value. That is a given. It will never be destroyed. Not so with the US dollar.

What you do with US dollars is very much different with what are US dollars or Canadian dollars for that matter.