Quote:
Originally Posted by oilyfan
This comparison is completely wrong, gold is in an investment not a currency, so it need to be compared to other investments.
"From 1802 to 2001 a dollar invested would have grown to: (Amounts have been adjusted for inflation.) - Stocks: $599,605
- Bonds: $952
- Bills: $304
- Gold: $0.9"
Even with the past few years massive slides in the market stocks are a better bet than gold. Yes there have been periods of time in the last century where gold has outperformed stocks, but in other times it has been the opposite.
http://money.cnn.com/2010/10/18/pf/i...tune/index.htm |
These numbers make the assumption that the business you are buying stock in will be around for 200 years.
When I was 12 I received a stock in LA Gear (a shoe company that made florescent coloured shoes). That stock is worth nothing now.