re: Can someone explain the pros and cons of gold?

quote:

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Generally, he is correct…by a lot. Gold is a place to retreat when you think stocks are going to go backwards.

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Or think the dollar is going to go backwards, if you don't prefer the risks of stocks and need to hold currency. Since August 1971, gold has compounded annually at a rate of 7.93% per year. The dollar has lost 98.20% of its value against gold over that time period. Seems like low risk, solidly performing reward.