http://www.canadiancapitalist.com/gold-bugs/ Helping you invest and prosper Sat, 11 Feb 2012 05:07:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.canadiancapitalist.com/gold-bugs/#comment-102 yazoo35 Wed, 30 Nov -0001 00:00:00 +0000 http://www.canadiancapitalist.com/?p=181#comment-102 So assuming a successful storage period of 200 years gold has given a 98% protection from inflation, war, failed banks, governments and other upheavals during that time.<BR/>That is 2% from a perfect score as a store of wealth, and far better than dollar bills, coins or even a regular bank account. Gold is indeed true money, whereas stocks, bonds etc. are true investments. So assuming a successful storage period of 200 years gold has given a 98% protection from inflation, war, failed banks, governments and other upheavals during that time.
That is 2% from a perfect score as a store of wealth, and far better than dollar bills, coins or even a regular bank account. Gold is indeed true money, whereas stocks, bonds etc. are true investments.

]]> http://www.canadiancapitalist.com/gold-bugs/#comment-103 Arbee Wed, 30 Nov -0001 00:00:00 +0000 http://www.canadiancapitalist.com/?p=181#comment-103 Gold basically keeps pace with inflation and that's it. Actually, the same chart says $1 in bills would be worth $304 in 200 years. Inflation meanwhile would have eroded a dollar into 7 cents. Since as a long-term investor I am hoping to grow my investments, gold would be a poor choice. Gold basically keeps pace with inflation and that’s it. Actually, the same chart says $1 in bills would be worth $304 in 200 years. Inflation meanwhile would have eroded a dollar into 7 cents. Since as a long-term investor I am hoping to grow my investments, gold would be a poor choice.

]]> http://www.canadiancapitalist.com/gold-bugs/#comment-104 Anonymous Wed, 30 Nov -0001 00:00:00 +0000 http://www.canadiancapitalist.com/?p=181#comment-104 I guess I meant to say gold is better than bank notes, coins or a checking account...There is always the possibility people will jump onto gold as a speculation and drive the price up, but it is basically not an investment. Going 2000 years back, in the Bible is supposedly mentioned a certain amount of gold would buy a certain suit, and today the same amount of gold will still buy a decent suit, so gold works, but it's become antiquated and not very practical.. I guess I meant to say gold is better than bank notes, coins or a checking account…There is always the possibility people will jump onto gold as a speculation and drive the price up, but it is basically not an investment. Going 2000 years back, in the Bible is supposedly mentioned a certain amount of gold would buy a certain suit, and today the same amount of gold will still buy a decent suit, so gold works, but it’s become antiquated and not very practical..

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