Re: price-to-earnings ratios and fundamental analysis

jimp_at_specsol-spam-sux.com
Date: 03/27/05 

Date: Sun, 27 Mar 2005 02:57:56 +0000 (UTC)

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.

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.

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.

> > 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
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