We told you at the time we would keep you updated and its time for the 9 month update.
Since our orginal post, Gold has continued its climb and currently sits at just about $1,200 a ounce, or 20% higher
Google on the other hand as we sit here today, is around $470 a share, about 6% lower.
So if you bought 1,000 of each 9 months ago your gold would be worth $1,200 and shares of Google would be worth about $940.
We will see where things are in September.
Hello Mike,
With the stock market tanking as I had predicted in previous posts, it is very important to understand that Gold over all historically is a horrid performer. Especially when compared to many individual stocks that split and perform in superior multiples compared to any commodity, not just gold.
Gratefully,
Jeff
to anyone (and especialy Jeff) comparing Gold with stocks…
Sorry but you are dead wrong.
Gold is money. End of story.
Before 1971 (end of the gold standard) gold was money. So comparing gold’s track record with any period before is stupid.
In 1971 Nixon said to the world: our dollars are as good as gold.
Well 14 trillion in public debt later (and about 80 trillion in unfunded liabilities) it makes me laugh that still nobody gets it.
Stocks are debt people. $$$ are debt. It’s a promise against the government that has HUGE liabilities. So start looking towards gold as REAL money (ie. wealth).
Survivalist
Yahoo was a $250B company at one time, too. Now it is worth 90% less.
Don’t think that Google will always reign supreme. Neither G or Y has ever paid out a dividend, which qualifies both of them as ponzi schemes. And you can include Apple for that matter as of now. Apple, who in their right mind would own part of a $225B+ company that doesn’t pay a dividend? What upside do you possibley have besides selling to a greater dreamer?
Deflation is a material possibility with housing prices still falling, and that means everything would go down in value including gold. Premium .com domain names are probably the only asset that could possibley go up in value long term more than gold.
It would amaze me if domain owners put their dollars into equities that do not pay dividends rather than more .com domain names.
Yes, GOLD is a good investment. 🙂
The founders & early investors of listed companies would laugh at some of the BS from clueless posters in this thread
Most of the huge wealth creation has already made by founders/early investors from the IPO liquidity event.
That’s the primary function of a stock market.
.
@ GoldvsGoogle
Most domains (think all the millions of domains collectively held by domainers) don’t pay a dividend (little or no parking income) & are held like like lottery tickets, based on nothing more than a hope & pipe dream waiting for a “greater fool” or a deep pocketed whale to come knocking.
Sounds exactly like a Ponzi scheme.
In contrast, stocks (paying dividend or not) are based on companies with real businesses employing 1000s of people helping the economy.
Domainers (like you) are probably in their dirty underwear in front of the PC visiting every domain forum/blog in existence & bragging about your “domain portfolio” to other (nerdy) domainers.
Once again folks, never take investment advice from uneducated domainers !!
LMFAO
It is not a question of efficiency or profit, it is just a question of enemies. They are accumulating enemies by the hour. phone companies, large sites, everyone. Not only that, as AGGRO points out, the money was made on the initial growth. Is there any more space to grow. I will stay, with gold.
but the Google’s value is higher than gold
someday, all the gold of the world will be a Google’s property… 😐
Google says they make $8 for every $1 an advertiser spends. If true Adwords would be Golden. Yet shares are down 23% for the year?
http://www.adotas.com/2010/05/googles-54-billion-dollar-economic-impact/
Anyway I’m not sure Gold vs. Goog is a valid argument. We’re in a unique economic times, Gold will come back down sooner than later, and at some point in the future we will all face more unique times and it will go back up. Gold is used as a hedge toward currency and the cost of currency (interest rates). Goog is not used in this fashion from an investment point of view.
Hello Mike,
Gold is a psychological figurehead hedge in todays financial world.Gold is fools gold if you think it is going to save your bacon in a full fledged unwinding of derivatives contracts, which are todays flimsy excuse for Insurance hedging of all other markets including commodities.The stock market will continue to unravel in the coming months and year.
As I have pointed out in previous comments the International derivatives market which all financial institutions use to insurance hedge their portfolios is 900+ TRILLION $. Its total liquidation cash value is lucky to be 50 TRILLION in reserves. Figure out the leverage. The unraveling of long positions in this market will happen, it is a question of when not if. Be prepared for BEAR market dead ahead.
Gratefully,
Jeff
I saw this scroll on http://www.OceanfrontDomains.Com and I had to jump in to point out that while domains are obviously a great investment, .COM domains are particularly stellar ones. As a group, they have left Google, Gold and every other brick and mortar investment in the cyber dust.
The internet follow the same basic rule of conventional real estate: location, location, location.
Step right up and get that .COM now, boys and girls! Besides, if you settle on a .BIZ, .NET, .ORG or some silly country code, you will be voluntarily giving 25% of your traffic to the guy who bought the .COM. Know the rules and profit from them.
Cheerios.
If it aint gold/silver then its just paper.
1000 years from now they will find my gold and silver
1000 years from now your paper will be dust.