Gold Transforming into a Completely Demonetized Wealth Asset [View article]
80 years ago gold was worth $35/oz. Today its worth $1100. Sounds like incredible growth doesn't it? But actually that growth is only 4.4% compound annual growth rate.
BIG DEAL.
The value of gold is based on human psychology, and when the economies of the world stabilize, the value of gold will drop like a rock.
Its a very risky investment and many will find this out the hard way.
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80 years ago gold was worth $35/oz. Today its worth $1100. Sounds like incredible growth doesn't it? But actually that growth is only 4.4% compound annual growth rate.
Nov 06 21:22 pm
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All Comments by You're Kidding »Gold Transforming into a Completely Demonetized Wealth Asset [View article]
BIG DEAL.
The value of gold is based on human psychology, and when the economies of the world stabilize, the value of gold will drop like a rock.
Its a very risky investment and many will find this out the hard way.