Anyone else think Gold is the dumbest investment ever? (job, company, returns)
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If you're a billionaire then sure by all means buy gold. I can't think of a better wealth storage and wealth preservation commodity than gold. For the rest of us working people though who are trying to build wealth or get a return on our money meh not so much...
if you merely bought a t-bill of equal value on the first day we were legally able to own gold back in the 1970's and rolled that t-bill over. today that t-bill is worth more than that ounce of gold . on golds better days it ties it .
Last edited by mathjak107; 05-04-2018 at 04:41 AM..
From 2009-2011 university of Texas invested 750mm or so in physical gold at an average price of 1150 an ounce the return to now if they held it from 4/2011 would be roughly 13% vs 285% for the S&p 500 with div reinvestment. While I think it was only 5% of their endowment they could ride out some hefty losses in the stock market and gold rally before the trade hits a level playing field
Gold and Silver is not or should not be looked at as an alternative investment but a hedge against inflation and SHTF. So 10 percent max into it. Silver is used in many industrial ways. Its not even mined directly any longer but a by-product of other mining. It is limited how much is even left to mine. Diversification is the key to great investors. Stocks for a good economy, CDs for what ever happens, Real estate if you can maintain it, gold and silver for unsuitability and guns and ammo for SHTF
Gold has been a good investment and it's been a bad investment. So it can't the the dumbest of all time. Maybe some times it's been bad but not all. At times it was very good.
Too bad we don't know ahead of time which are which.
Gold and Silver is not or should not be looked at as an alternative investment but a hedge against inflation and SHTF. So 10 percent max into it. Silver is used in many industrial ways. Its not even mined directly any longer but a by-product of other mining. It is limited how much is even left to mine. Diversification is the key to great investors. Stocks for a good economy, CDs for what ever happens, Real estate if you can maintain it, gold and silver for unsuitability and guns and ammo for SHTF
it has been no better of a hedge over time than a t-bill has
gold is only about timing . unlike stocks which have been about time in the markets , gold has been all about timing the markets .
last year gold was my biggest gainer as i traded in out over 30x .
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