Quote:
Originally Posted by Tom M
Where did you get your gold price data? I believe gold was about $1,100/ounce in 2010 and is (as I write this) $1,763/ounce.
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You're right, I meant 2011. In September of 2011 it was $1854/ounce. It's still not that today.
If you had purchased gold in November of 2010 and still had it in 2013, at no point until 2019 could you have sold it for anything but a loss.
Gold is generally a good store of value and if uncle fed keeps pumping trillions more, it'll hold it's value. That said, it's a hedge and not a particularly good one. Real estate is a much better hedge.
I think everyone should hold some PM, but like 5% at best.