/biz/ - Business & Finance

>>14582436
Just because gold keeps it's value over the long-term, doesn't mean you can't lose a lot of money in it, in the short-term.

>Its a fucking rare earth metal dude!
You never know what you're talking about.

So is Platinum. And Rhodium. And Palladium. But they fluctuate like crazy. See my image, the chart for platinum. And the link, which is some historical prices of these metals. They're definitely speculation.

>https://en.wikipedia.org/wiki/Precious_metal#Rough_world_market_price_($/kg)

>>14582450
No it's not.

1) It was about $400

2) You're ignoring 20 years of inflation. A dollar in 1999 (or whenever gold hit the bottom) is worth substantially less than a dollar today. So it's not $400 to $1400. It's more like $722 to $1400, if we adjust the original $400 for 20 years of 3% inflation.

3) You're deliberately picking the bottom price (in 1999 dollars, about $400). Nobody can precisely pick the bottom, so a smart investor, would probably buy gold at, what, $500? $600? $700?

4) So, you didn't even double your money. You probably made like a 70% return, if you were pretty good at picking the bottom. Maybe as much as 95%, if you picked the exact bottom price.

Why has platinum fallen in price?