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8 years of returns?

Published:

London PM Gold Fix: Sept 11, 2001: $287.00
London PM Gold Fix: Sept 11, 2009: $1,008.25

London Silver: Sept 11, 2001: $4.18
London Silver: Sept 11, 2009: $16.89

DJIA Close: Sept 10, 2001: 9,605.51
DJIA Close: Sept 11, 2009: 9,605.41 <-- First Bank of Sealy/Serta STILL offers better service than this.
Plus they won't steal any of your dough under the guise of 'abandoned property' laws, or charge any fees.

Looks like that "historical return" the shills always talk about, in stocks, has indeed become .... history.
(Actually it never was true. The market is a less-than-zero-sum game, but that would take too much explanation for the shills; it involves actually knowing how the index is manip.. er... calculated vs. how a real person historically would have had to buy and sell the same underlying securities)

Oh, but a lump of metal pays no interest. Roll Eyes

SOURCES: Kitco & Yahoo

Entry #279

Comments

1.
Comment by GASMETERGUY - September 12, 2009, 10:38 am
Three years ago, when I retired, I got out of stocks and bonds. I put my money in gold coins. Glad I did. The only drawback is when I sell a couple of coins. I'm disappointed they are gone. I like watching the price of gold climb higher and higher and higher. I dislike watching the price of bread, milk, gas, property taxes, climb higher and higher.

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