Your guess may be right, who knows. I am not sure how old you are but 1980 was sort of a special case. High unemployment, double digit interest rates and high inflation all at the same time. (Thanks Jimmy Carter!)

Gold may go higher but 1980 was the economic lowpoint of my lifetime and the economy is pretty strong right now despite high energy costs. Interest rates are still near historic lows even though they seem high compared to the past few years. As long as businesses keep expanding, interest rates stay relatively low, and money can be made in the stock market, you are unlikely to see the kind of move in gold you think is possible.

But that is the $64 thousand question isn't it...........?

 

It was a different time back then. Which means I may also be wrong.

I just opened up my account with Scottrade.com. Need to go fork over the money to them now. You would think in this day in age that money could move faster.

Any ever trade with ETF's??

and just out of curiousity, I'm wondering what industries people have their money in? and how it has done recently.

 

This guy's really good...

http://www.grandich.com/

 

The problem with gold is many counties (like Russia) are sitting on lots and lots of gold and can swamp the market at any moment. Additionally, there

 

Yeah, commodity investing is far from a safe bet. Just like stocks or any other non-guaranteed investment, do not assume that the value of commodity investments always keep going up. Values can rise. Values can stay flat. And values most certainly can fall too.

Had you bought gold 26 years ago in 1980, you would still be in a world of hurt on that investment...



Even more so had you speculated on sliver around that same time...



Just like with other commodities like oil, soybeans, steers, porkbellies, diamond, platinum, natual gas, whatever - when prices start rising, methods for increasing supply that were previuously not economically feasible suddenly become viable. More of the commodity hits the market as producers chase the higher prices. And eventually the values level off, and even decline. The question is "When?". If you have the expertise to answer that, then you can be a sucessful commodities speculator.

Andrew

 

Silver plummets down 20% today, gold down 5%...
http://money.cnn.com/2006/04/21/markets/pr....reut/index.htm

Might be a good time to buy if you believe the long term trends in precious metals will be up. As with all investments, weigh your risk tolerance.

Andrew

 

Not afraid to point out when I am wrong.....


http://money.cnn.com/2006/05/09/markets/go...dex.htm?cnn=yes

 

I love my platinum.

 

Now is the time I start to get a bit nervous.. It went up a little too fast for my comfort..

I guess we'll see where it goes now.

My positions have done well.