Now that I know that the image is yours, if your copyrights allow for it, I would be interested to use it--- I did not want to copy and paste theirs! In '81, yield was 14%. If one uses gold as a measure of inflation, the bond investors got twice their actual inflation risk.
History is all well and good. But.... what about a government gone insane in fiat printing? You focus on US history alone, if you include the history of a country who has spend beyond its means and instead of cutting spending has begun to print massive amounts of money. Now do you still think gold is a bad investment?
Illum, The argument is not gold vs dollar. It's gold vs S&P. Both are commodities that adjust to the relative value of a sawbuck.
You are expecting Shortie who is a perpetual get it wrong kinda guy to understand the full story instead of superficial tidbits Hey Shortie come here son Come here Dad is gonna teach you about money. Lets say you win 10 million USD today in lottery. You buy a house, few cars, maybe pay your brother's visa off or something. And now you are ready to become a business man. You can go into stock market You can go into bonds, real-estate, restaurants, you name it. But the smartest thing you could do, IS BUY GOLD physical, and wait 2 years to see what is going to happen to USA and the dollar. Everything else you do now in US, is taking a gigantic risk. Ok go out and play with your friends now.
The name is Andrew Andrew Jackson reincarnated So anyway do you think my advice is a bad advice, you are welcome to disagree, your purse is your purse. How you spend your money is not my business I am just saying you are gonna get burned without gold and besides it's yellow and shiny what's not to like, I often look at my physical gold at secret location
this just gave me an idea I'll take 3-4 clips and put them on my desk, I like to look at polished gold It lowers my blood pressure
you remind me of my grand-kids who like shiny things. the grown-ups have to be careful where they put their money. i agree gold keeps going up steadily and looks very solid. but to a suspicious person it is just too good to be true. Soros sold his Gold in early 2011. Does anybody know if he bought it back since then?