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Central Fund of Canada Limited Message Board

  • bullion_funds_for_suckers bullion_funds_for_suckers Nov 29, 2012 6:31 PM Flag

    ROTTEN returns of gold and silver, the two most pathetic commodity performers in history


    And the bullion funds (notably CEF and GTU) sick performance this year now reflects the reality of gold and silver BEAR markets

    1980 --- Gold traded for $800 an ounce
    2012 --- Gold trades for around $1700 an ounce

    If you factor in 32 years of INFLATION (an average 5% per annum), then it would take a NOMINAL gold price of $2100 an ounce simply for the forever pathetic gold bullion to match its REAL value in 1979 dollars (after accounting for all those 32 years of INFLATION)

    In other words, gold has NEVER been in a real "bull" market these past 32 years. It remains in a BEAR market and it remains one of the worst performing commodities in history, with only the truly hopeless silver being worse, since silver has even FAILED to match its NOMINAL dollar high of $50 an ounce set in 1979 LOL

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