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Gold Was A Horrible Investment from 1500 to 1965

http://finance.yahoo.com/news/gold-horrible-investment-1500-...

"Ron Paul thinks gold could go to "infinity", which would certainly be a lot of dollars. But it won't be an easy ride into Buzz Lightyear territory for the shiny metal: gold has fallen 8.5 percent since Ben Bernanke started talking about tapering the Fed's bond-buying a month ago.

Of course, that's nothing compared to gold's looong bear market from 1500 to 1965. As you can see in the chart below from Goldman Sachs (via Zerohedge), it lost over 80 percent of its value compared to inflation-adjusted British pounds over those four-and-a-half centuries. That's a lot less than infinity."



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The world had a good supply

The world had a good supply of the physical metals back before the industrial age, numbnuts. Compare that to the Us Geological Society that says easy to find silver will be gone by 2020...

http://www.maxkeiser.com/2011/04/silver-will-be-the-first-el...

Then you have production costs that are EXCEEDING the current paper prices. how long does anyone think these mines will operate at a loss?

And, we won't even get into the trillions of $$$ in worldwide debt or the quadrillion in derivatives.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

What! Did I sleep through us paying the national debt off!?!

Did $100,000,000,000,000 in unfunded liabilities evaporate overnight?

Oh Thank you. Thank you God! We are fiscally sound again!

Now they have no need to inflate the currency to avoid default.

An ounce of gold was $20.67 100 years ago. Today, you can buy a used car with it.

An 20 dollor bill then is worth $20 today. You can buy dinner and a movie with one.

Infininity

I thought that all gold was good for was legal tender. I thought the investment of gold wasn't until it was no longer a legal tender.