General Discussion
In reply to the discussion: Is it just me, or is shit escalating faster than normal? [View all]DFW
(58,979 posts)I bought gold and kept it. I didnt sell any of my meager stock holdings, and none of all this is of any significance on a big scale, but rather a purely symbolic one. After all, that share of Berkshire Hathaway that my friend badgered me into buying in 1998, already at five times the purchase price in 2017, is now four times the price it was in 2017. Even so, slow, plodding, non-interest-bearing gold is three times the price it was in January of 2017.
When Bill Clinton left office in 2001, the price of gold had plunged to about $250 an ounce. Today, its at $3680. An ounce of gold is just the same now as it was in 2001. Its a small hunk of metal that you cant eat, live in, or use to make your car run. That it is now worth fourteen times as many dollars now as it was when Bill Clinton left office says a lot more about the value of the dollar than it does about that piece of metal.
Edit history
Recommendations
4 members have recommended this reply (displayed in chronological order):