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TheDumbMoney (56.05)

Goldline Commercial, Overheard Today

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August 12, 2011 – Comments (5) | RELATED TICKERS: GLD , IAU

"The price of gold has risen for every one of the past ten years.  Isn't it about time YOU added gold to YOUR portfolio?"

-- Goldline Commercial, Overheard on a TV in my Building's Cafeteria/Restaurant

5 Comments – Post Your Own

#1) On August 12, 2011 at 9:11 PM, brizzlekizzle (78.42) wrote:

The time was at 200 an oz man, you missed it!

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#2) On August 12, 2011 at 9:33 PM, TheDumbMoney (56.05) wrote:

brizzlekizzle, while I provided the quote without commentary, let me assure you I did not provide the quote because it made me want to dash out and buy gold.

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#3) On August 14, 2011 at 6:27 PM, selfdestruct2 (58.56) wrote:

Gold up each of the past 10 years ? This might convince me to sell all of my gold.

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#4) On August 14, 2011 at 7:07 PM, dbtheonly (< 20) wrote:

Dumber,

 I'd dearly love to see statistics on that one.

 On the other hand; at some point in time, during each of the past 10 years, the price of gold has risen above that of the previous day.  Thus the price of gold has risen in every one of the past 10 years. It's about what you'd expect from Goldline.

 

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#5) On August 14, 2011 at 7:58 PM, ETFsRule (99.91) wrote:

Gold up each of the past 10 years ? This might convince me to sell all of my gold.

+1

Chasing past returns is one of the worst possible investment strategies - but it's one that many gold investors seem to be clinging to.

I'd dearly love to see statistics on that one.

Their claim is 100% true! In each of the past 10 years, gold has finished the year higher than where it started.

For instance:

http://www.infomine.com/ChartsAndData/ChartBuilder.aspx?g=127681&df=20020101&dt=20110814

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