The End of Dollar Hegemony

[sugarkang]

Originally Posted by badhatharry

not relevant, but interesting.

I saw this a few days ago, but I wonder if you found the same parts interesting. Most of the article is "ZOMG this man is crazy" in subtler terms; it's WSJ. The key fact, however, is when he made most of his gold investments: 2002 and prior. And the author throws in a little "gold is off by 20%" as if to suggest RP made a foolish investment.

Let's compare investments over the past decade between 1/1/2002 through 12/27/2011:

1. S&P average: 9% (not per year; the entire decade)
2. Dow Jones: 20%
3. Berkshire (Warren Buffett): 61%
4. Gold: 500%+

Looks like money manager of the decade to me.

This is pretty hilarious. In his newsletter, RP sells a bunch of silver and gold coins to delusional and paranoid nutters and directly profits off of their gullibility. Only $1,675 for the kit he says! Clearly a scam.

Except one commenter does the math and estimates that the kit would be worth close to $9,000 today.