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actually it may not pay dividends but its an important asset class and can not be duplicated by others.
while commodities fell by 50% in 2008 gold broke new highs..
if you held gold as part of your portfolio, and even screwed up and bought it when it was mis-priced at almost 1,000.00 bucks back in the 1980's just rebalancing every year as part of your plan had you averaging 9.8% cagr average annual return today vs buying the s&p 500 on the same day and getting 9.2% cagr annual return . For decades gold was off the radar as an asset class for the most part but its back on and its potential for gains or losses are alot greater.
gold by itself is a speculation but as part of a comprehensive portfolio its a welcome addition in my book.
Last edited by mathjak107; 03-18-2011 at 11:05 AM..
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