Search found 4696 matches

by grayfox
Wed Jan 17, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 126
Views: 16280

Re: Buying and Spending Bitcoin

I'm seeing the old Bitcoin BTC trading at less than $10,000 :shock:

https://www.tradingview.com/chart/?symb ... P%3ABTCUSD
by grayfox
Wed Jan 17, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 126
Views: 16280

Re: Buying and Spending Bitcoin

So you are saying that in addition to everything else, cryptocurrency users need to consider at least the possibility of a DOS attack intentionally directed at a particular currency? Grand. Now, who might want to do a thing like that? All cryptocurrencies are susceptible to spam attacks. It goes wi...
by grayfox
Mon Jan 15, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 126
Views: 16280

Re: Buying and Spending Bitcoin

** Update on Bitcoin Cash spam attack. ** https://fork.lol/tx/txs See the BCH increase on transactions over past two days from about 250 transactions per block to over 100 per block? (See blue line) That was not the result of a sudden mass adoption by new users. The network was flooded with 1 sat/B ...
by grayfox
Mon Jan 15, 2018 2:43 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 126
Views: 16280

Re: Buying and Spending Bitcoin

And, meanwhile... before someone says "Well, Bitcoin isn't really supposed to be for buying things, you should use Bitcoin Cash for that..." Bitcoin Cash: Big blocks fail to improve user experience According to Verret and others, however, the format is already failing, as Bitcoin’s smaller blocks a...
by grayfox
Sat Jan 13, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '8% rule' - Where are they now?
Replies: 38
Views: 5787

Re: Year 2000 retirees using the '8% rule' - Where are they now?

Bengen 2017 Here is a reddit Ask Me Anything with Bill Bengen from 2017: https://www.reddit.com/r/financialindependence/comments/6vazih/im_bill_bengen_and_i_first_proposed_the_4_safe/ Question: What is the current stock allocation your research is based on? Whole-US? world? does it track any partic...
by grayfox
Sat Jan 13, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '8% rule' - Where are they now?
Replies: 38
Views: 5787

Re: Year 2000 retirees using the '8% rule' - Where are they now?

Bergen 1994 BTW, here are a couple of a bullet points from the 1994 Bengen article: Assuming a minimum requirement of 30 years of portfolio longevity, a first-year withdrawal of 4 percent, followed by inflation-adjusted withdrawals in subsequent years, should be safe. OK It is appropriate to advise...
by grayfox
Sat Jan 13, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '8% rule' - Where are they now?
Replies: 38
Views: 5787

Re: Year 2000 retirees using the '8% rule' - Where are they now?

I feel very fortunate having found Bogleheads. When I started studying investing. My 1st question was what kind of portfolio do I want? My 2nd question was how do I get the money out? My 3rd question was can I live off of the portfolio someday? With the help of the Bogleheads & research (reading th...
by grayfox
Fri Jan 12, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

That's basically the story of how to invest in Silver and Gold, the physical metal not the paper ETFs. One other thing worth mentioning is Harry Browne's Permanent Portfolio. If you recall, this has 1/4 in Stocks, Gold, long-term Treasuries and Cash. If you want to go with the Permanent Portfolio an...
by grayfox
Fri Jan 12, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '8% rule' - Where are they now?
Replies: 38
Views: 5787

Re: Year 2000 retirees using the '8% rule' - Where are they now?

Back in 1999, I was especially interested in the subject of how to take withdrawals. I had given my notice the week after Christmas/New Years 1998 holiday. So how do you start withdrawing? Now every investing book tells you how to invest for retirement. E.g. Random Walk Down Wall street said S&P 500...
by grayfox
Fri Jan 12, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '8% rule' - Where are they now?
Replies: 38
Views: 5787

Year 2000 retirees using the '8% rule' - Where are they now?

There is another thread that talks someone retiring in 2000 and using a 4% inflation-adjusted withdrawal rate. How about someone retiring in 1999 using an 8% withdrawal rate? This thread was posted on the Motley Fool message board Retire Early CampFIRE on December 7, 1999. An 8% withdrawal rate??? P...
by grayfox
Thu Jan 11, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 289
Views: 24323

Re: Year 2000 retirees using the '4% rule' - Where are they now?

I'm reading through the thread and only part way so this may have already been answered. In the late 90's I was reading the old Motley Fool forum started by intercst (one of the elder statesman of the "modern" early retirement "movement"). That was probably the central FIRE forum at the time before...
by grayfox
Thu Jan 11, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 289
Views: 24323

Re: Year 2000 retirees using the '4% rule' - Where are they now?

I'm reading through the thread and only part way so this may have already been answered. In the late 90's I was reading the old Motley Fool forum started by intercst (one of the elder statesman of the "modern" early retirement "movement"). That was probably the central FIRE forum at the time before...
by grayfox
Thu Jan 11, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

With all the preliminary stuff out of the way its time to get down to brass tacks. Suppose you want to have 10% of your portfolio in Precious Metals. 5% in Silver and 5% in Gold. What would you have to buy? Here are some ideas for portfolios from $1,000 to $100 million. Portfolio 5% Silver Gold $1,0...
by grayfox
Thu Jan 11, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: Running Maximum Withdrawal Percentage: Any data on this?
Replies: 26
Views: 1529

Re: Running Maximum Withdrawal Percentage: Any data on this?

http://i59.tinypic.com/2eyf9cp.jpg https://www.bogleheads.org/forum/viewtopic.php?p=2038625#p2038625 Look at the bottom chart. This shows the "optimal stock allocation" if you knew all the returns in advance. Notice that it is 100% stocks for many of the years. Then the gray line in the upper chart...
by grayfox
Wed Jan 10, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

There are dozens, if not hundreds, of Precious Metal products for sale at the bullion dealers. Which ones would you buy? Here's one list of silver and gold products you can use for investing in Precisious Metals. They go from lowest to highest priced. I got the prices from APMEX. The prices were cur...
by grayfox
Wed Jan 10, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: Running Maximum Withdrawal Percentage: Any data on this?
Replies: 26
Views: 1529

Re: Running Maximum Withdrawal Percentage: Any data on this?

Bogleheads.....The recent (and currently running) willthrill81 thread made me wonder if something like this exists. Is there any data anywhere that shows a rolling maximum withdrawal percentage for the last century or so? We know a 4% is 'safe' - you survive pretty much any down period. We get that...
by grayfox
Tue Jan 09, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 289
Views: 24323

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Again you can use any of the variations that we have been talking about and been fine. OP just happened to use a common portfolio (and I don't know about you but I was investing internationally in 1997. It was pretty common knowledge the diversifying was a good idea. Granted it was an active fund) ...
by grayfox
Tue Jan 09, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 289
Views: 24323

Re: Year 2000 retirees using the '4% rule' - Where are they now?

I bet a lot of retirees had most/all of their money in Wellington, so I don’t think it’s worth calling 60/40 hindsight bias. In fact, I bet Wellington did better than 60/40 TSM/TBM. Maybe some people had Wellesley or Wellington. But I don't recall the SWR folks recommending them. That's why these q...
by grayfox
Tue Jan 09, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 289
Views: 24323

Re: Year 2000 retirees using the '4% rule' - Where are they now?

60/40 is a pretty standard retirement portfolio that is used in all the studies. 30-50% of stocks in international is also pretty standard. Those were assumptions that people were making in the 90s. Hindsight bias would be saying go 30% SV, 30% REIT, and 15% gold for your equity allocation like in ...
by grayfox
Tue Jan 09, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 289
Views: 24323

Re: Year 2000 retirees using the '4% rule' - Where are they now?

A 50/50 split between U.S. and international isn't hindsight bias; that's about the global cap weight. An all U.S. portfolio would be subject to home country bias. And I've already demonstrated that an all U.S. portfolio outperformed the 50/50 split anyway. Radar's analysis was not the same as mine...
by grayfox
Tue Jan 09, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 289
Views: 24323

Re: Year 2000 retirees using the '4% rule' - Where are they now?

First, let's assume that they used a 60/40 portfolio, where half of their equities were in VTSMX (U.S. stocks) and half in VGTSX (international equities), and the bonds were in VBMFX (total U.S. bond market). Let's also assume that their starting portfolio was $1M. Their withdrawals occur at year e...
by grayfox
Tue Jan 09, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

Some people find that safe desposit boxes are not quite so safe: Anything can happen. There can be fires, floods, bank heists, clerical errors, insider theft, etc. Some people recommend dividing your golden hoard (horde?) into three parts and storing each in a different place. Maybe have one box in...
by grayfox
Tue Jan 09, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

prudent wrote:
Tue Jan 09, 2018 11:10 am
Just to add a little info re:SDBs, the bank has no liability for the contents. People need to carry their own insurance.
Where do you get insurance for a Safe Deposit Box? Would that be something that you add onto homeowner's insurance or renters insurance?
by grayfox
Tue Jan 09, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 289
Views: 24323

Re: Year 2000 retirees using the '4% rule' - Where are they now?

First, let's assume that they used a 60/40 portfolio, where half of their equities were in VTSMX (U.S. stocks) and half in VGTSX (international equities), and the bonds were in VBMFX (total U.S. bond market). Let's also assume that their starting portfolio was $1M. Their withdrawals occur at year e...
by grayfox
Tue Jan 09, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

Because a small amount of gold is worth a lot, gold mostly solves the problem of storage and transport that we had with Silver. But it still has to be stored somewhere. And because of its great value there is risk of theft. You could store it at home, either in a secure safe or hidden place. But I w...
by grayfox
Mon Jan 08, 2018 8:04 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 126
Views: 16280

Re: Buying and Spending Bitcoin

I thought it might be fun to look at what https://coinmarketcap.com/ looked like in the past https://web.archive.org/web/20130701000000*/https://coinmarketcap.com/ The earliest page is from May 9, 2013 # Name Market Cap Price 1 Bitcoin $ 1,245,619,548 $ 111.87 2 Litecoin $ 59,056,771 $ 3.38 3 PPCoin...
by grayfox
Mon Jan 08, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

The spread is also a lot bigger on the small coins. That is, if they sell the 1/10th at 12.5% over, they may pay only 2% or so over spot when buying, so it's a lot more expensive to trade the smaller ones. However, the 1/2 ounce isn't too much more expensive in premium than the 1 oz. (and the sprea...
by grayfox
Sun Jan 07, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

Here is entry level gold purchase for your average Bogelhead: 2017 1 oz Gold American Eagle (20-Coin MintDirect® Tube) . 1-4 $27,741.80 quantities 5+ $27,641.80 (Spot price right now is $1,322.10) You can pay as low as $59.99 per ounce over spot https://apmex.exceda.com/images/Catalog%20Images/Produ...
by grayfox
Sun Jan 07, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

OK, so as much as I like Silver, the drawback is the weight and bulk. One mint tube of 20 1oz Silver American Eagles is not that big, 3" tall x 1-3/4" square. About the size of a big salt shaker. And it weighs 20 troy ounces, which is about 22 standard ounces, about 1-1/3 pounds. Costs about $400. (...
by grayfox
Fri Jan 05, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

Valuethinker wrote:
Fri Jan 05, 2018 4:18 am

I am not sure if it is manipulation if a big buyer or big seller drives the price of a commodity.

That's simply saying it is an illiquid market?
Right. Manipulation is probably too strong a word. A whale is going to move the market.
by grayfox
Fri Jan 05, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

I calculated the 2017 return of Precious Metal Bullion and other metals: XAU Gold Bullion 22.83% $1302.61 ... and PM ETFs ... GLD 12.84% I suspect you meant to show XAU being +12.83% ??? Yes, I must have calculated it wrong. If I look here Gold Prices - 100 Year Historical Chart it shows 2017-12-01...
by grayfox
Thu Jan 04, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

At the end of 2007, Silver quickly rose and hit $22.86 by Feb-2008. What was going on that would make this happen? Was there inflation fears? Because that would fit the Paradigm. But I don't recall inflation fears at that time. I’m not saying it’s the cause at all, but wasn’t that shortly after Ber...
by grayfox
Thu Jan 04, 2018 5:07 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

20th Century Silver Price Paradigm 1. Most of the time, Silver traded between about 5 and 10 dollars per troy ounce, in 2017 dollars. 2. When inflation was high, e.g. after WW1 or WW2, Silver was between 10 and 20 dollars, in 2017 dollars.. 3. Silber price sometimes fell during recessions. Less ind...
by grayfox
Wed Jan 03, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

Here is what I would have concluded back if I was back in 2000. (NOTE: prices in Nov-2017 dollars) 1. Most of the time, Silver was only worth between about 5 and 10 dollars per troy ounce. 2. When inflation was high, e.g. after WW1 or WW2, Silver was between 10 and 20 dollars. 3. Silber price someti...
by grayfox
Wed Jan 03, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

Some more thoughts on Silver valuation. You mention a few ratios: Silver/Gold - I probably won't be buying Gold with Silver, or Silver with Gold. I'll just use dollars to buy both. Silver/Oil - Probably won't be buying a barrel of crude oil. However, I will be buying gasoline or petrol. Silver/Piano...
by grayfox
Wed Jan 03, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Before buying gold, have a look at these returns since 1975
Replies: 84
Views: 6562

Re: Before buying gold, have a look at these returns since 1975

Consider the case of Frau Müller. 1 German Empire. Baby Müller was born in 1900 in Dresden, Sachsen. Fräulein Müller grew up as a citizen of das Deutsches Kaiserreich, the German Empire under Kaiser Wilhelm II. Unfortunately, in 1914 Germany got into a world war, which they lost, ending the German e...
by grayfox
Tue Jan 02, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: Before buying gold, have a look at these returns since 1975
Replies: 84
Views: 6562

Re: Before buying gold, have a look at these returns since 1975

OK, downloaded the table in Wikipedia's List of empires . And calculated some statistics. Lifetime of Empire in Years MIN 2 MEAN 263 MEDIAN 192 MAX 1850 SD 279 NUMBER 184 NUMBER < 242 YEARS 111 60.33% NUMBER >= 242 YEARS 73 39.67% There were 184 Empires in the history of the world, starting with Akk...
by grayfox
Tue Jan 02, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

A more general question though...... How do you value precious metals? Gold to Silver Ratio, Gold to Oil ratio, Gold to Piano Ratio (have a look in the attached link :D ) http://pricedingold.com/pianos/ As far as how to value precious metals, the simple answer is the current spot price. That's the ...
by grayfox
Tue Jan 02, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

A It turns out he had found a new job and had to move across the country. He would not be driving, but flying. He just had too much weight in Silver to even think of carrying it on an airplane, and I guess he didn't want to risk shipping that much Silver in a Moving Van. So he reduced the space and...
by grayfox
Tue Jan 02, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

Hello Grayfox, I suppose that there is always the option of storing the Silver in a Depository such as the Perth Mint. Regardless of which precious metal it was, or even cash, I would be hesitant to store a large amount at home for safety reasons. I agree. Storing a lot of valuables at home could p...
by grayfox
Tue Jan 02, 2018 1:12 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

Another issue with Silver: Transporting . I was watching this one silver stacker's video. He was a young guy, a good head on his shoulders, well educated, seemed to have a good job. For months he was making regular Silver purchases. After a while he had put together a pretty decent-sized stack. I'm ...
by grayfox
Mon Jan 01, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

Did you know that Gold, Silver, Platinum and Palladium are considered currencies by the International Standards Organization? Don't believe me? See ISO 4217 ISO 4217 is a standard first published by International Organization for Standardization in 1978, which delineates currency designators, countr...
by grayfox
Mon Jan 01, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: Alternative Investments
Replies: 29
Views: 2054

Re: Alternative Investments

I used to work with precious metals, and in the industry Pt is NOT considered white gold. White gold is usually an alloy of gold with nickel, manganese or palladium. Rhodium is the real precious metal. Thanks for the correction. I read that in a book. I see here White Gold is an obsolete term for p...
by grayfox
Mon Jan 01, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Alternative Investments
Replies: 29
Views: 2054

Re: Alternative Investments

With interest rates at rock bottom and the stock market at record highs, both bonds and equities might both take a hit in a market correction. What alternative investment/hedging strategies are there that might offer high liquidity, low cost, and a low correlation with equities in a down market? [I...
by grayfox
Mon Jan 01, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: Before buying gold, have a look at these returns since 1975
Replies: 84
Views: 6562

Re: Before buying gold, have a look at these returns since 1975

What empires? According to Wikipedia's List of empires , they're all gone. The last one, the Portuguese Empire officially ended in 1999. And they haven't been very imperial in a long time. The British Empire was fading fast by episode 4 of season 2 of "The Crown," wasn't it? But the next time I tak...
by grayfox
Sun Dec 31, 2017 9:09 pm
Forum: Investing - Theory, News & General
Topic: Before buying gold, have a look at these returns since 1975
Replies: 84
Views: 6562

Re: Before buying gold, have a look at these returns since 1975

So which one looks like a stable store of wealth to you? The red line is the inflation-adjusted returns from T-Bills, and the blue line that jumps all over the place from positive to negative returns is the inflation-adjusted returns from Gold. If I wanted to preserve my dollar wealth by protecting...
by grayfox
Sun Dec 31, 2017 9:03 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17238

Re: Buying Real Silver and Gold (Not Bitcoin)

I calculated the 2017 return of Precious Metal Bullion and other metals: XAU Gold Bullion 22.83% $1302.61 way off 13.68% XAG Silver Bullion 6.53% $16.917 updated 7.25% XPT Platinum Bullion 4.19% $929.917 updated 2.78% XPD Palladium Bullion 56.48% $1061.50 updated 56.18% XCU Copper Bullion 31.09% $3....
by grayfox
Sun Dec 31, 2017 5:56 pm
Forum: Investing - Theory, News & General
Topic: Before buying gold, have a look at these returns since 1975
Replies: 84
Views: 6562

Re: Before buying gold, have a look at these returns since 1975

Everybody has savings accounts and MMMFs. They are short term loans you make. They are useful to earn a small return when you might need the money soon. But you wouldn't use a savings account for long term money. Likewise, you wouldn't put near term money in stocks, LT bonds or gold. If you need a c...
by grayfox
Sun Dec 31, 2017 3:10 pm
Forum: Investing - Theory, News & General
Topic: Before buying gold, have a look at these returns since 1975
Replies: 84
Views: 6562

Re: Before buying gold, have a look at these returns since 1975

Yes, why not measure from the top of the bubble in 1980 and the peak in 2012. I'll start when they first have data for inflation, January-1913. Look at buying power of 20 USD vs inflation-adjusted 1 ounce of Gold at start of each decade. 20 USD 1 oz Gold Jan-Year Buying Power (Inf-Adj) 1913 $20.00 $...
by grayfox
Sun Dec 31, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: Before buying gold, have a look at these returns since 1975
Replies: 84
Views: 6562

Re: Before buying gold, have a look at these returns since 1975

Look at historical gold prices for the past 200 years: Historical gold prices since 1792 1792 19.39 1841 20.67 1932 20.67 1934 35.00 20 dollars was worth about 1 ounce Gold from the 1791 on for about the next 140 years. In round numbers $20 from 1792 to 1932. Gold was a stable store of value during ...