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The investment game

The investment game

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It will get that bad soon. ☚ī¸

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Yep ☚ī¸

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-1

Some are saying America is on the brink of civil war.
We always copy them.

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@chessturd said

Buy real assets... Silver!...Gold!..
😉
Why on earth do you think a metal is an asset?

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-Removed-
True, but we have followed them into plenty of other wars.

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@wolfgang59 said
Why on earth do you think a metal is an asset?
Well I still wish I had bought gold when it was 50.00 an ounce!

-VR

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@very-rusty said
Well I still wish I had bought gold when it was 50.00 an ounce!

-VR
Or better yet at $38/ounce in 1971 when it was decided to let the price "float".

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-Removed-
most I ever got in 1 month £500.00 but that was before they cut the prize money, reckon over the last 2 years my best months payout was £175.00,I maxed out both me and my wife when I shut my flooring firm down 3 years ago also maxed out santander when they were paying 3 % on current accounts if you flip them around u can still make a few bob.

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@great-big-stees said
Or better yet at $38/ounce in 1971 when it was decided to let the price "float".
I believe that was the year my brother-in-law suggested it to me and it shot up to 50.00 that year if I am not mistaken. That is so many moons ago now!!! 😉 Maybe it was the next year?

-VR

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@very-rusty said
I believe that was the year my brother-in-law suggested it to me and it shot up to 50.00 that year if I am not mistaken. That is so many moons ago now!!! 😉 Maybe it was the next year?

-VR
I bought some gold in, I think it was mid-late 1973, for about $200/ounce and put in a sell order for when it hit $800, which it did in 1980ish. A tidy return.

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@great-big-stees said
I bought some gold in, I think it was mid-late 1973, for about $200/ounce and put in a sell order for when it hit $800, which it did in 1980ish. A tidy return.
Indeed a very nice chunk of change!!! I wish I had taken my brother-in-laws advice as he followed the stock market since he was a teen!! Oh well, it wasn't in the cards for me I guess. I faired out pretty good just the same and retired early back in 2013 so that is 6 years ago now how time flies. and I am not retirement age yet.

I hope that doesn't come across as bragging. 😉

-VR

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@great-big-stees said
I bought some gold in, I think it was mid-late 1973, for about $200/ounce and put in a sell order for when it hit $800, which it did in 1980ish. A tidy return.
I feel ya. I missed out on Microsoft after the crash in October, 1987.
Financial investment is not for the squeamish.

I wish I could have known then that stock-brokers and financial advisers are just like "the house" in a Vegas casino: They never lose.