Saturday, November 13, 2010

Gold's case

gold
Back in 2005 I bought some gold at near $400 an ounce. Debunkers made fun of me. They told me that gold is a poor investment because it pays no dividend income. They told me to invest in blue chip stocks like GM which went bankrupt anyway. They told me gold has no earnings.

Gold is now near $1400 an ounce. The debunkers giggle and say that is was obvious and they always knew gold was going to go up. However, they did not buy a single ounce.

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