Gold has been a poor investment for the last 3 decades.
It is an immensely portable asset though. If you are worth tens of millions, and trying to preserve wealth, you could make an argument.
If you are trying to grow wealth don't even try to make an argument.
Gold has been a poor investment for the last 3 decades.
It is an immensely portable asset though. If you are worth tens of millions, and trying to preserve wealth, you could make an argument.
If you are trying to grow wealth don't even try to make an argument.
I won’t try to make an argument….. merely an observation…..that “the times we are in make a difference.”
I started investing in 1998. Gold was about $294 per ounce and today is $1950. So, in that time period gold has “gone up” by a factor of 6.6
In 1998 the Dow was about 9500….today it is at 33,000. So, in that time period the Dow has “gone up” by a factor of 3.5.
How much inflation have we seen on the past three years? What do think inflation is going to be doing over the next few years?
The choice of precious metals vs ammo vs real estate is not one or the other, it is a choice of diversification or not.
Y’all make your own choices…..
