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The fact that you can buy a similar amount of gold now for the same price as 2007 would indicate that it is currently at a better entry point. That this reason
by drtillberg 9y ago
The fact that you can buy a similar amount of gold now for the same price as 2007 would indicate that it is currently at a better entry point. That this reasoning must be explained underlines a flaw in current investment sentiment. A 10-year horizon also is too short. A 100- or 500-year horizon is more typical for gold investment.
- betterunix2 9y agoLike I said, on a 100-year timeline, the Dow Jones index outperformed gold -- with and without the gold standard, through booms and busts, through the great depression, through the oil crisis, etc. Since 1900, an investment tracking the DJIA would have gained 6x the value of a gold investment.