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overtheedge
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has posted a comment on the article :
Gold and Silver – Long and Short-Term Performance
- Dan Popescu -
GoldBroker
"Even for those who bought gold and silver at the top in 2011, at US $1,911 and US $46 respectively, and have now a loss of 43% and 97% respectively, ..."
Not 97%. Closer to 60%.
"Regularly I am criticized by people, mostly traders and mostly from North America, for showing very long-term charts."
You are right to use long-term charts. The distortions have been accumulating for the last 100 years with the worse of them within the last 50 years
(POTUS Johnson's guns and butter campaign).
In Jeffrey L. Singman's book, "The Middle Ages", Sterling Publishing, New York, he points out that pay for a common laborer was the equivalent of 1 pound (12 ozt)
sterling (916 fine) silver per year. 1 pound would buy a good cart horse.
History can provide us with valid comparative valuations.
Commented
3619 days ago
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Gold is mostly a monetary metal while silver is today mostly an industrial metal, but still with a large monetary component, especially in a monetary crisis, as “poor man’s gold”. Recent performance of silver confirms that even though it is mostly an industrial metal its monetary aspect largely dominates its price performance in these circumstances. With the help of a few graphs, going from the very long term to the short-term, let us look at gold and silver’s performance since the beginning of...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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- 20/04/2013 à 20:03 GMT
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