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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (22826)12/1/2009 2:20:24 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
Re: "To measure from spike peak to spike peak is senseless and not honest..."

I agree.

Unless one points that fact out however.

But that then raises an interesting question: what is the 'best' time line to measure the investment returns of gold by??????

Surely if one is to start with Nixon's revoking of the Dollar's convertibility into gold (the 'peg') then that particular date gives you a highly artificial spike to start your measuring with as well....

I think it's probably more fair to point out that for very long stretches of 20th. century history, (or, go back a couple of centuries further if you like, pretty much the same thing holds), gold has most often been a 'snooze-fest'... but that history is occasionally and infrequently punctuated by a few rapid rallies... and declines.

Hard to say any particular time line is best to measure performance with. It's not like the industrial metals which hew much more to the business cycles.