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 |
It is not wrong and was referenced recently by James (Jim) Rickards.
http://bespokeinvest.typepad.com/bes...ical-char.html
Shows you how Gold has performed vs the US dollar in most of our life times. The last two years this trend has intensified. Also the performance in the 70's mirrors what we are seeing today.
http://www.jhuapl.edu/urw_symposium/...s/Rickards.pdf Is an interesting read for more on his thoughts. Let me know how his numbers are wrong and where you are getting your figures and why you are using the time period of 1802 - 2001. Not relevant to the time period I was quoting.