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Registered
Join Date: Feb 2004
Location: Granite Bay, CA
Posts: 767
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Gold (gld) high in March of 100 now around 86 - 14% 120,000 now worth 103,000. Lost $17,000 in less than 3 months: how would you feel?
S&P 500 (spx) high in Oct of 1576 now 1377 -12.6% $120,000 now worth $104,880. Lost $15,200 in 8 months. How would you feel?
Neither one are at a high now as in the example, but the risk of a loss of that magnatude or worse is still the same.
There's a decent chance the EU central bank starts to lower rates driving the dollar up. This would not be good for commodities.
As said earlier, you don't have the time frame (1yr) for anything but CD's or a Money Market...from a company with no credit exposure(I.e. don't fall for teaser rates from someone like gmac)
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