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Central Fund of Canada Limited Message Board

  • bullion_funds_for_suckers bullion_funds_for_suckers Nov 28, 2012 3:14 PM Flag

    Bullion funds look TERRIBLE this year

     

    The pathetic bullion funds have gone nowhere for an entire year, albeit going nowhere with a downward bias.

    Very obvious that the gold bull market is finished and it was certainly a very unimpressive gold bull when you consider the 32 years of inflation since gold last topped out 800 an ounce around 1980. Take away the inflation and basically gold went nowhere, and, in fact, in real terms, it actually fell, thus proving gold (and all related stocks) remains one of the worst commodity investments in the past 30 years, with only silver proving to be even worse.

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    • Gold's Closing Price on Comex (and percentage gain): 12/31 of each year

      2000 — $273.60
      2001 — $279.00 (1.97%)
      2002 — $348.20 (24.8%)
      2003 — $416.10 (19.5%)
      2004 — $438.40 (5.35%)
      2005 — $518.90 (18.36%)
      2006 — $638.00 (22.95%)
      2007 — $838.00 (31.34%)
      2008 — $889.00 (6.08%)
      2009 — $1096.50 (23.34%)
      2010 — $1421.40 (29.65%)
      2011 — $1566.80 (10.23%)
      2012 — $1725.00 (10.10%) YTD

      Silver

      From 2000 to 2012 $4.00 to $34.00

      Sentiment: Strong Buy

 
CEF
12.46+0.060(+0.48%)May 31 4:01 PMEDT