Quote:
Originally Posted by Normal
Amen… 1970 is long gone. Gold hasn’t nearly improved as well as stocks.
|
The gold market has been saying otherwise for many years and increasingly so in the last couple years. It seems the market doesn't like the fact that our national debt increases exponentially every year and the interest we pay on that massive mountain of debt is suffocating our national finances.
It all depends on your gold buy price, of course, and the probabilities for the future. A relative bought most of the gold he holds at $1150 p/ounce in 2014. It is now $3350 per. Which is slightly less than a 200% increase. So, he's sitting pretty and will avoid cap gains when he sells (or will pass it on to heirs). I believe it accounts for about 10% of his investment portfolio.
Speaking for myself, I'd be more skittish to buy at the current prices.