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Ask the people that bought gold in the late 70s how safe their investments were. Gold prices crashed in 1981 and never rebounded until the gold bugs returned in
by adestefan 15y ago
Ask the people that bought gold in the late 70s how safe their investments were. Gold prices crashed in 1981 and never rebounded until the gold bugs returned in the mid-2000s.
- babblefrog 15y agoCommodities and currencies fluctuate against each other. Over longer terms, the value of currencies tends towards zero. Everything depends on the time frame you are looking at.
- jwallaceparker 15y agoExactly. I'm talking about the long, long view. When a currency goes to zero, an ounce of gold still buys you a good suit.
- jwallaceparker 15y agoSure, if you buy at the peak of a bubble, you're going to be underwater for a while.