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Gold is a stagnant investment
Posted on 4/7/13 at 9:08 am
Posted on 4/7/13 at 9:08 am
Read this in a business column this morning.
In 1981 gold was $613 an oz. Adjusted for inflation that would be worth $1727 today.
The current price of gold is ~$1552 an oz. So if you bought gold in 1981 it would be worth much less today.
Plus it pays no dividends. A gold buyer in 1981 would be a double loser.
In 1981 gold was $613 an oz. Adjusted for inflation that would be worth $1727 today.
The current price of gold is ~$1552 an oz. So if you bought gold in 1981 it would be worth much less today.
Plus it pays no dividends. A gold buyer in 1981 would be a double loser.
Posted on 4/7/13 at 10:49 am to smilodonfatalis
I've got a small amount of gold -- mainly just Krugerrands I've picked up over the years. I never really thought of it as an investment per se as I never really plan to sell it. Hopefully, it will just be passed on to my heirs. To me, it's strictly a hedge in case the entire world economy goes to shite. If that happens, my small amount will skyrocket and hopefully will get me through any great world depression.
Posted on 4/7/13 at 12:31 pm to smilodonfatalis
I don't think most people buy gold looking to make money, as Turk said its mainly a hedge against inflation and an economic disaster.
Posted on 4/7/13 at 12:44 pm to smilodonfatalis
It is a hedge against inflation/deflation. It gives you a buffer. It is not strictly an "investment," but, rather a diversification "purchase" if you will.
Posted on 4/7/13 at 2:04 pm to smilodonfatalis
I would be more interested to see a chart from 1913-present. I'll try to dig one up.
I also be inclined to think the average gold bug is also a gun bug.
I also be inclined to think the average gold bug is also a gun bug.
Posted on 4/8/13 at 12:02 pm to smilodonfatalis
quote:
A gold buyer in 1981 would be a double loser.
Thank God I didn't buy gold in 1981. But... I bought gold bullion coins in 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012.
quote:
Plus it pays no dividends.
No it doesn't, but the right mining stocks will and the dividends should get larger when the price of gold rises.
It's this type of post that should cue one to start buying more gold. After all...
-The Euro crisis is over - No
-The debt ceiling is pretty much resolved - No
-The stock market is safe is for the average investor - hell no
-Unemployment is at 7.6%?
How about the real figures show that the labor force participation rate has just hit a 30 year low. The economy is failing to create new jobs.
-The US debt level will hit the danger zone that Greece was in just a few years ago when the European debt crisis started in a grand fashion.
-Is gold in a bubble? No one on this board has ever posted anything backing up this claim.
-Is gold expensive? It is, depending on your financial circumstances, but it will seem much more expensive when it's valued higher.
Another winning negative gold thread book marked for future shits and giggles.
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