This is an interesting exercise to perform if you are concerned about the value of your gold or silver stash. Compare the price of an ounce of silver or gold in July of 2007 to the price it is today in June of 2008. Then do the same with a few of last year’s hot paper investments!

July 2007
June 2008
Silver (Ag)
 $12.90
$16.53
Gold (Au)
$655
$871
Morgan Stanley (MS)
$78
$38.28
Citigroup (C)
$52
$19.73

So if you’re depressed because you bought a few ounces of gold over $900, or some silver at $19.00, get over it! Commodities do not go down to 0 like paper can. If you really want to make yourself feel good, think about Bear Sterns and Enron!

gold, silver, stocks

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