@Great-Big-Stees saidHappy to hear it worked out for you, as you know it can be a gamble. I noticed the Markets have plunged since Trump's tariff's. I don't follow it but they give the days market values on our local news.
My of my “speculative” investments was done with discretionary funds. Some “worked” others didn’t but fortunately the former did better than the latter.👍
-VR
@Very-Rusty saidFollow up on Trump's tariff's as you all know he has backed off and the Markets are going sky high again. He thought he could play chicken with the world, now he is the one looking to negotiate. I think he wanted to see what the response would be and not to his likings as we all know he goes by the markets and they were at one of their all time low's or pretty close to it. Others who follow more closely would know better.
Happy to hear it worked out for you, as you know it can be a gamble. I noticed the Markets have plunged since Trump's tariff's. I don't follow it but they give the days market values on our local news.
-VR
-VR
@My-King-And-I saidSome "alpha male" you are.
I'd go with eye surgery too.
I'm just waiting for a less macabre method than the "we cut open your eyes while you are awake" method 🤮
@Very-Rusty saidThe lowest closing price for gold in the last century was $252.55 in 1999. Is this some kind of Canadian ounce we're talking about?
I never followed the markets as I felt it was too big a gamble personally.
My Brother-In-Law followed them since he was a young teenager and knew them quite well. He told me back many decades ago that he had been watch gold and it had been climbing fast and when it was $50.00 an ounce he told me I should invest when I had an extra $50.00 and keep building on it. Well I ...[text shortened]... bull headed for my own good. If I had only dropped a grand into it, at $50.00 an ounce!! 😞
-VR
@Soothfast said@Soothfast,
The lowest closing price for gold in the last century was $252.55 in 1999. Is this some kind of Canadian ounce we're talking about?
I am going back further than that to the early 1970's. It was around $50.00 per ounce when my Brother-In-Law gave me the advice on it, which I should have invested in and didn't.
In the 1970s, the price of gold per ounce fluctuated significantly, starting around $35 in 1971 and rising to over $100 by the end of the decade, reflecting economic instability and inflation.
-VR
@Very-Rusty saidCuriously, up until 1974 US citizens weren't allowed to own more than 3 oz of gold bullion. No such restriction in Canada?
@Soothfast,
I am going back further than that to the early 1970's. It was around $50.00 per ounce when my Brother-In-Law gave me the advice on it, which I should have invested in and didn't.
In the 1970s, the price of gold per ounce fluctuated significantly, starting around $35 in 1971 and rising to over $100 by the end of the decade, reflecting economic instability and inflation.
-VR
@Soothfast said@Soothfast
Curiously, up until 1974 US citizens weren't allowed to own more than 3 oz of gold bullion. No such restriction in Canada?
I have no idea what restrictions if any were in place. I only know what my Brother-In-Law told me at the time, when I had an extra $50.00 to spare to put it on Gold as he could see it was on the rise. He turned out to be absolutely correct on it. I should have listened as he followed the Stock Market since he was a young teen. I would have put as much as I could in it, had I been sure it would happen. The guy was actually a Genius in Grade 9 was helping his older Sister with her Grade 12 Math. I am sorry now I didn't listen to him at the time.
Here's a more detailed breakdown:
Early 1970s:
The price of gold was relatively stable in the early 1970s, around $35 per ounce, until the Bretton Woods system collapsed in 1971.
Mid-1970s:
The price of gold began to rise sharply, reaching $106.48 in 1973 and $183.77 in 1974.
Late 1970s:
Gold prices continued to rise, reaching $208.10 in 1978, and $459.00 in 1979.
-VR
@Very-Rusty saidYou should have wrote the ck back then billy.
@Soothfast
I have no idea what restrictions if any were in place. I only know what my Brother-In-Law told me at the time, when I had an extra $50.00 to spare to put it on Gold as he could see it was on the rise. He turned out to be absolutely correct on it. I should have listened as he followed the Stock Market since he was a young teen. I would have put as much as I co ...[text shortened]...
Late 1970s:
Gold prices continued to rise, reaching $208.10 in 1978, and $459.00 in 1979.
-VR
@Soothfast saidGreat, I'll get it done twice and reduce my chances even more.
Getting the surgery reduces your chances of getting dementia. The same goes for getting hearing aids. Seemingly sharp senses are conducive to a sharp mind.
😀
@Soothfast saidAs long as he still has veiny biceps (not from sarcopenia) I might give him the benefit of the doubt.
Some "alpha male" you are.