stock market crash

[scooterscot]

I'm interested to note how buying this low and selling high is a bad investment? Looks no different to many stock prices over a long period.

You are making it too easy for me.

Your graph above shows a 10x return whilst the S&P 500 (below) shows a 50x return for the same period. And you'd have also received dividends to boot (instead of bleeding cost on expenses keeping the gold).

And then look at inflation over the same period, astonishingly a unit of gold is buying you the same amount of goods today as it was in 1973!

As an investment gold is awful.

[scooterscot]

I'm interested to note how buying this low and selling high is a bad investment? Looks no different to many stock prices over a long period.

Did the penny drop at the same time you deleted the graph?

[TheGreenBastard]

Kind of amusing to think someone has paid him to do analysis for them. There's desperate, and then there's paying Scooty for a graph and an explanation of why gold is not an investment

I do get now though why he keeps posting here .... he's trying to sell his services. Wouldn't be surprised if he posted on loads of different forums, targeting those forums where he thinks there are affluent people who he can get to part with their dosh.

Give me your dollar, guaranteed 10% returns.

[Old Greg]

As an investment gold is awful.

Again. You previously said gold isn't an investment.

[scooterscot]

Again. You previously said gold isn't an investment.

Correct, it is not an investment. That's why 'as' an investment it is awful because it does not appreciate in value, it just holds it.

[Old Greg]

Correct, it is not an investment. That's why 'as' an investment it is awful because it does not appreciate in value, it just holds it.

It can't be both not an investment and an awful investment.

The only time I ever invested in gold, I made 25% in 2 or 3 years. It was a while ago - don't remember the exact details. But according to you, I never invested in gold, merely bought it and sold it at a profit.

[jamesbrown]

bought it and sold it at a profit.

Then you're already ahead of scootie.

[scooterscot]

It can't be both not an investment and an awful investment.

The only time I ever invested in gold, I made 25% in 2 or 3 years. It was a while ago - don't remember the exact details. But according to you, I never invested in gold, merely bought it and sold it at a profit.

Which years? Did in inflation rise 25% during that time? More than likely, so you never actually made a return.

Gwd I get more understand talking to the cat.

[_V_]

Did the penny drop at the same time you deleted the graph?

I didn't delete the graph, I think there was a session cookie on it or something.

Plus I bought my gold after vote to leave the EU. So in < 5 years I doubled my money in GBP terms.

Anyhow, I said I'm done in this thread, there's nothing of interest to learn here.

[BABABlackSheep]

I've decided that since there is no useful information in this thread, only the amusement of mocking someone with some issues, I'm done reading and posting here.

Bit harsh.

Some good debate about US Tech, Tesla, SMT etc. No one answered my Japanese market post and BGS has risen 10% since then.

I’ve enjoyed reading it, and Scooter is ok imo. Its good to read different opinions regardless if you agree or even believe its true.

Beats the tulip out of IR35 discussions anyway.