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Algos ruined day trading

Discussion in 'Trading' started by qlai, Apr 10, 2019.

nattybumppo
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maxinger said:
>Best time is buy gold in say 1970

1975. In 1970 (even 1974), it was still illegal for Americans to own gold bullion (there may have been a loophole for jewelry, but then you would pay a premium for the craftsmanship). Governments just can't confine themselves to providing a few public goods. They always turn into micromanaging control freaks.

>and you would be earning billions of dollars.

You would barely crack a billion dollars (in 2019 dollars) if you had invested about 30 million dollars (in 1975 dollars) in 1975. I suspect you might get a similar return on investment if you buy silver today and hold it for the same length of time--44 years. Maybe sooner if the world goes whole hog on photovoltaic cells.
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Edit: sorry I messed up the formatting in this reply.

#51 Apr 16, 2019

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