DeeKay

Gold as an Investment? Think Again

Also--I don't understand the vitriol some have for gold. It's really odd. Like the big pink elephant in the room. It's quadrupled in price yet still so little media attention. Then you have guys like this author going out of his way to bash it as a bad investment--and picking the time frame to justify his argument. Originally the price of gold was fixed at $21.00 an ounce (or was it $21.50)--this was pre-FDR. Now, imagine you bought gold then. You would have seen about a 50-fold increase in your net dollar worth (I know FDR confiscated them--I guess he was a gold bug!). That's not bad for a riskless asset. Gold is money--so it's only an investment if the current medium of exchange is unstable and other investments appear risky. That has been the case for the past 7 years and of course is the case now.