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SPDR Gold Shares Message Board

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  • captainwho2 captainwho2 Aug 18, 2011 1:36 PM Flag

    SERIOUS QUESTION FOR MY FELLOW LONGS

    Pretty hard question to answer, but I'll take a stab at it. Take a look at what happened from Oct 9, 2007 to Mar 9, 2009. The broader market sold off almost 60% while the GLD made a gain of around 24%. I know that is pretty long term, but it tells us something.

    If you shorten the range to Mar 18, 2008 to Oct 22, 2008 you see that the broader market sold off around 32% and the GLD sold off around 26%. Just so I'm not accused of cherrypicking.

    It seems to indicate that if you are a long term investor you have nothing to fear.

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