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Did a little experiement. Took gold prices from 1975 to present and ran them through the CPI inflation calculator to 2008. It pretty much consistently placed gold at between $500-$700. The Bank of Canada places it between $300-$500. Analysis? http://data.bls.gov/cgi-bin/cpicalc.pl http://www.bankofcanada.ca/en/rates/inflation_calc.html Shouldn't
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Still don't know how easy it would be to shift my retirement accounts to a US investment firm. Probably not doable.
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So here's kind of a dumb question. Lets say you put lots into Gold stocks or mutual funds, and the currency collapses. How do you get your money out? You're going to be paid in currency, right?
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Any ideas what is going on in the markets today? Gold and mining companies are way down, the components from the mutual fund I just sold are way up, and the market looks peachy. Is this for real or some kind of short lived manipulation by the Feds?
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I'm in Canada and can't move my retirement funds into the US. Do you think buying a Precious Metals fund is still a good idea? Natural Resources fund? I'm sort of at a loss (literally). Just sold a fund I've been loosing $1000+ a month on. I need to find some winners.
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Don't know if this is the best place to post this, but did any stocks go up during the depression of the 1930s? I'm just trying to determine how I can use that lesson for our current depression.
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You like ETFs?
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[quote user="JimS"] My advice: first thing first, get rid of that advisor :-) I'm only half joking. The inflation-adjusted return for broad stock market indices will be negative in the next 8 years, just like it has been in the last 8 years. We are in the middle of a 17-yr secular bear market. The advisor is obviously too young to remember
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[quote user="johnnyronny"] My best advise is too invest in gold...directly. I found a very interesting site. You can buy gold at the price of the market. Check at www.bullionvault.com . Oh, BTW, I don't work for them! Do your own choice! [/quote] Not allowed in an RRSP apparantly.
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My advisor told me if I'd bought gold back in the 80s when it peeked at around $600, that was actually more like $2600 in today's dollars, so buying and hold it I would have lost $1700 if sold today. She gave me the "hold tight" argument in regard to my portfolio. I have to buy something, its in an RRSP, be it stocks, bonds, money