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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: nice comparable period from tonight's Midas report - Dave from Denver
Dave from Denver…
Thursday, December 23, 2010
Gold Has Been A Terrible Investment?
How many of you hear these financial advisor morons get on CNBC and discuss what a lousy investment has been over the years? What? Oh, it doesn't pay interest? Junk bonds paid tremendous interest all thru the 1980's and then the market crashed hard. 99% of the world lost substantially more in capital loss than they earned from the coupon payments. If you chart U.S. Treasury Bills since 1991, adjusted for inflation, that interest-bearing investment is actually negative. How many your genius registered reps have you sitting in T-Bills? Well, here's how this "lousy" investment has done since 1970 - I borrowed this chart from Casey's Reasearch, the edit in red is mine: The next time your ignorant, idiotic "financial advisor" calls you up to tell you what a lousy investment gold is and what a great opportunity is being presented in the muni bond and mortgage-backed bond market, YOU are the idiot if you don't hang up the phone and find an advisor who knows the facts/truth.
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