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Originally Posted by Skybird
Your graph ends 2000. Gold just some days ago hit the 900-mark.
And the way the graph tries to make a projection is ridiculous, btw. Don't tell me you take such nonsense serious!
I hold a small reserve in gold, so you can rest assured that I take care of what's happening. In can expect a better monthly income in the future, and will spend even more ressources into stockpiling some real metal then, as a reserve. If possible I will wait for a slightly better time to buy, though.
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Try 2004 that is where the chart ends. You could have made a quick buck if you bought in 2003. Now it is a waste of time.
The graph show that if you held on to your gold for 30 years, you would have taken a massive loss. It is an accurate yearly gold price.
At 900 an ounce, it is just barely more worth than it was at $400 an ounce in 1995. Pathetic. It is hardly keeping up with the times.
-S