bocaj21 says: "For long-term investors, gold is one poor investment, one that history has well-established is a lost economic opportunity."
Price data show otherwise. If you had simply bought gold in 2000 and held, your average rate of return (in USD) as of the end of 2008 is 16.8% per annum. This beats most other investment vehicles. See James Turk's commentary at: goldmoney.com/en/comme...
Markets move in cycles. Capital rotates through stocks, real estate, and precious metals in sequence. When investing for the long term, you need to be aware of which cycle is in the bull phase. Gold and the precious metals are rising now. When they have topped out, sell and move to stocks or real estate.
Gold: Recycling Threatens Demand-Supply Equation [View article]
Price data show otherwise. If you had simply bought gold in 2000 and held, your average rate of return (in USD) as of the end of 2008 is 16.8% per annum. This beats most other investment vehicles. See James Turk's commentary at: goldmoney.com/en/comme...
Markets move in cycles. Capital rotates through stocks, real estate, and precious metals in sequence. When investing for the long term, you need to be aware of which cycle is in the bull phase. Gold and the precious metals are rising now. When they have topped out, sell and move to stocks or real estate.