Date: Sat, 4 Oct 2008 19:11:33 +1000
From: "Ruby Goes" <[EMAIL PROTECTED]>
>
http://www.voanews.com/english/2008-10-03-voa18.cfm
>
Mario responds:
>
Ruby,
>
Your mentioning me in the title demonstrates that you haven't followed the off
topic thread you have alluded to very closely. My role has simply been to
correct obvious misrepresentations of fact that were being repeated for no
apparent reason, while also providing an opinion about how to analyse the
validity of financial advice being gratuitously provided in this internet
forum, based on my own professional experience in dealing with financial
advisors seeking contracts to invest millions from a pension fund.
>
Since you seem to have an obvious interest in gold, and in internet web sites,
this one may be of interest to you. It demonstrates that gold has been highly
volatile and a poor investment vehicle over the long haul, while being a very
good investment over short periods, for example from 1976 to 1979 and from 2001
to now.
>
http://www.finfacts.com/Private/curency/goldmarketprice.htm
>
Excerpt:
>
In January 2008, 28 years after the all-time record high of price of $850 in
January 1980, the nominal broke the record. In inflation adjusted US dollars,
the price would have to reach about $2,200 to break the record in real terms.
>
