I bought 6 ounces of gold at $275 to $310 in the late 90's. They are worth over $1700 a piece now. You do the math. I have gold funds making me upwards of 35% in the last two years. You do the math. Smart investors have gold and precious metals as a part of a diversified porfolio. LOTS AND LOTS OF THEM. You do the math. Right now my market funds are declining in a sell-off, but my gold funds are climbing to offset them. Gold has helped to make me rich. Too bad I ain't very good at math. :lol:
What is the historical return on gold? How does that compare to the historical return of the S&P? Considering that 90% of gold's returns have come in the last 6 or 7 years I'll stick with the stock market. At a hint of a true recovery gold is going to drop.
If the world in the next 20 years looks like it did for the past 20 then you would be right. But I would argue it is going to look completely different....the world economy is in for a rough ride here and probably pretty soon.
