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Gold gains $109/oz. for the year, just shy of 7%, and the 12th consecutive annual rise, writes...

Gold gains $109/oz. for the year, just shy of 7%, and the 12th consecutive annual rise, writes Brendan Conway. The cumulative gain during that period is $1,403/oz., or 516%. SPY is up 8.6% during the same period (before dividends).
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Comments (15)
  • bbro
    , contributor
    Comments (10327) | Send Message
     
    Since September 1 1988... Gold is up 289%....VFINX (Vanguard S&P 500) is up 762%
    31 Dec 2012, 04:20 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Over the last 10 years, Gold up 261%... S&P 500 up 21%. That's a medium-term tail whuppin'

     

    Thank you Mr. Greenspan and Bernanke :-)
    31 Dec 2012, 04:37 PM Reply Like
  • bbro
    , contributor
    Comments (10327) | Send Message
     
    FBNDX ( Fidelity Investment Grade Bond Fund) up 412% since September 1 1988....
    31 Dec 2012, 04:22 PM Reply Like
  • bbro
    , contributor
    Comments (10327) | Send Message
     
    Exxon up 1431%..Dividends reinvested....Gold no dividends reinvested
    31 Dec 2012, 04:32 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Since we're cherry picking. Enron... total loss. Delta Air.... total loss.

     

    Gold will never, ever, ever be a total loss.
    31 Dec 2012, 04:39 PM Reply Like
  • bbro
    , contributor
    Comments (10327) | Send Message
     
    Never ever ever....2/02/96 to 8/31/98.....good luck
    31 Dec 2012, 04:42 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Gold go to zero those years? I must have read all the wrong history books.
    31 Dec 2012, 04:53 PM Reply Like
  • bbro
    , contributor
    Comments (10327) | Send Message
     
    Only 34% down...nice trade...
    31 Dec 2012, 04:56 PM Reply Like
  • edsanville
    , contributor
    Comments (73) | Send Message
     
    @bbro, he said TOTAL loss. You might want to read the comment before responding to the strawman.

     

    Keep on Shouting at the Devil, mickmars.
    1 Jan 2013, 01:52 AM Reply Like
  • bbro
    , contributor
    Comments (10327) | Send Message
     
    BAC up 583% since September 1 1988
    31 Dec 2012, 04:51 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Worldcom... R.I.P.
    31 Dec 2012, 04:54 PM Reply Like
  • bbro
    , contributor
    Comments (10327) | Send Message
     
    Delta, Enron, Worldcom...definitely not a stock picker...
    31 Dec 2012, 04:59 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Don't recall owning any of those dogs.

     

    Stocks can go to zero. Gold cannot.

     

    I own both. In an era of money printing, ignoring either is ill advised.
    31 Dec 2012, 05:08 PM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2007) | Send Message
     
    Folks, stop arguing, you are all playing second fiddle to my pick REITs, in the last 21 years REITs have paid an average of 10.23% and 2012 has not been figured but most are way over 10% so that 10.23% will be higher. If you want to start adding years and playing with figures, then everyone wins, but over time, REITs and Gold are the winners. If you lump commodities all together, they are a nice level of performance at 5.65% analyzed over 21 years. So give me consistently always. A simple diversified 'folio gives over 8%. Now what about next year. I say precious metals will be #1, and REITs second, and I give 100% gain on PM's and about 12%gain on REITs pluse some appreciation from present levels for 2013. Go out past that to the end of 2014, and you will see REITs again making best sector gains 5 years in a row, and gold will amaze even the most hardy skeptics.
    The Coffee Shop Knows... LOL have fun all of you.
    Happy New Year.
    Capt. Brian
    The Lost Navigator
    31 Dec 2012, 09:21 PM Reply Like
  • KBM12
    , contributor
    Comments (2) | Send Message
     
    I am upset at what Silver is NOT doing,and wonder why it does not move UP
    1 Jan 2013, 01:21 AM Reply Like
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