Quote Originally Posted by BanginJimmy
In those 2 months you would have made about a 2% gain. Thats great if you are only looking to protect money, but if you are looking to make money precious metals are laughable. If you can hold for the long term then stocks, especially solid financials like BoA and Citi will net you anywhere from 300 to 1000% gains within 5 years on the low end. I wouldnt be suprised to see 2000 and 3000% gains on some of these stocks, especially the FM's.

What are you talking about? Your saying a 2 % move in a future is laughable? I dont understand, thats bank to me.

For example. Just so we are on the same page.

You BUY 1 contract gold @ 950/oz. This will be about $7500 purchase. If it goes up to 969 (2% increase like you said). You will make $1900. 1900/7500 is 25% ROI. Thats pretty good if u ask me.