Archived Kim Dotcom says dump 'worthless' dollar in favor of gold & crypto as US debt spirals out of control (rt.com)
submitted ago by JesusRules
Posted by: JesusRules
Posting time: 2.3 years ago on
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Archived on: 11/12/2018 10:00:00 AM
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Archived Kim Dotcom says dump 'worthless' dollar in favor of gold & crypto as US debt spirals out of control (rt.com)
submitted ago by JesusRules
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[–] prairie ago
So you're saying that if I sat on gold since 2010, I'd still reliably have what I put into it? Insurance isn't free, and it's too late if you try to buy after you needed it.
[–] viperguy ago
I mean, that the dollar is so astoundingly powerful , that inflation stopped for many commodities over the last 8 years.
But if 8 years ago you sold your gold and risked it in almost any stock , you would be far richer 8 years later, such as Apple :
https://finance.yahoo.com/chart/AAPL
Hit "5Y" on chart to show Apple stock 'aapl' 5 years ago, you could have tripled your money in 5 years (plus got dividends).
You could have easily made TWENTY times your money in 10 years if you bought apple stock ! :
https://www.macrotrends.net/stocks/charts/AAPL/apple/stock-price-history
look at that !! 10.88 dollars for apple in December 2008, less than 10 years later Apple stock skyrocketed to 210.95 (today)
210.95 / 10.88 = 19.388 times more money !
gold is what you buy if you want to buy no stocks, no bond, no real estate and just wait. normally you wait for only half a year. Otherwise you miss out on making 20 times more money in just 10 years.
If you know almost for sure a stock is going up (or down) there are way to make special bets to make 1,000 times your money in one year.