If the stock market crashes.... (dividends, bankrupt, free market, investments)
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Gold is great to have as part of an investment portfolio but i would never bet the ranch on just 1 outcome. things shift so fast by things not even on the radar that every time something look like its the only possible outcome something from left field totaly alters that outcome.
I don't see why anyone is not in gold for the long haul.
It is a very volatile commodity that over the last three decades has lost value in real terms and been easily outperformed by stocks, bonds, and real estate.
Yeah above example is purposely selecting a disadvantageous starting point in time but just making a point, it's not some long-term panacea vs. inflation or safe harbor of guaranteed growth that some seem to think.
it was certainly great the last decade up over 400%....... and like i always say, even if you bought at the peak of 1,000 bucks decades ago, and merely held it in your portfolio and rebalanced every year you would now have an average annual return of 9.2% on your gold vs doing the same thing on the s&p 500 and getting 9.8%.
thats why its important to have a plan that involves rebalancing and sticking with that plan.
thats pretty impressive when you think about it.
Last edited by mathjak107; 08-25-2010 at 08:58 AM..
Most "experts" don't see a crash happening. They see long-term stagnation. The DOW will likely sit right around the 10,000 mark for the next 5 to 7 years.
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