Re: price-to-earnings ratios and fundamental analysis

schoenfeld1_at_gmail.com
Date: 03/27/05 

Date: 26 Mar 2005 19:47:37 -0800

jimp@specsol-spam-sux.com wrote:
> In sci.physics schoenfeld1@gmail.com wrote:
>
> > jimp@specsol-spam-sux.com wrote:
> > > In sci.physics Schoenfeld <schoenfeld1@gmail.com> wrote:
> > >
>
> <snip> <- Learn to do this.
>
> > > > Yeah, Gold Bullion.
> > >
> > > And it would be a piss poor investment since the average price of
> > gold
> > > shows a general downward trend since the late 70's.
>
> > The hidden variables of economics is politics. Things beneficial to
> > western oligarchs happened during those times. Had you been on the
> > other side, Gold investments would've withstood massive inflation
and
> > comprehensive economic collapse. You're on that side now.
>
> Bunch of babble.
>
> The price of gold was flat for almost 200 years.

Paper money was denominated in gold back then.

> The price started to rise in the early 70's, spiked in the late 70's,
> and has been generally downward ever since.
>
> Anyone who bought gold as a long term investment after about 1976 has
> lost money.

I'm not speaking within the strict context of the US economy. For
example, were you an Argentinian Gold investor just 5 years ago, your
holdings wouldn't have suffered massive inflation or been subject to
liquidation restrictions from American banks. In fact, an Argentinian
gold investor would've become exponentially wealthier since his
liquidation value relative to the remainder of the populace would have
higher disparity.

> If you wanted to make money on metals in this century, thallium or
> rubidium would have been the smart buy; even copper would have been
> better than gold.

Gold is not about making money, it's about maintaing money's value.

> > > An ordinary passbook savings account would be a better investment
> > many
> > > times over.
>
> > It's not quite that simple.
>
> Sure it is, but not to those that believe there is some magic to
gold.
>
> --
> Jim Pennino
>
> Remove -spam-sux to reply.

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