3 ms·

No idea why you are downvoted. Indisputably the safest investment for several millenia running.

bytematic 8y ago
During periods of fx doubt, even more so. This includes recessions and right after them
rfinney 8y ago
Inflation adjusted price of gold is down almost 50% from 1980: https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart https://www.macrotrends.net/1333/historical-gold-prices-100-...
- interfixus 8y ago
  How many 1980 investments are at fifty percent or better today?
  - gnopgnip 8y ago
    Since 1980, after adjusting for inflation Gold lost 50%, the S&P 500 is up 600%, or 1700% with reinvesting dividends in the S&P 500.
    - interfixus 8y ago
      Completely beside the point. The question was safety, not potential profitability. Also, please paint the full picture: How many percent of all 1980 investments retain halt their value or more today? My first guess would be: A small minority.
      - gnopgnip 8y ago
        Looking at safety, investing in individual stocks or precious metals like gold is a poor choice. Index funds, or bonds have much less volatility. To paint a full picture, how many people who invested in physical gold still have it, and how many had it stolen or lost it, or were scammed buying something other than real gold?
chimpburger 8y ago
Gold is extremely volatile. You can lose 50% or more in the medium term if you buy when its at an all time high.
soundwave106 8y ago
Depends what you mean by "safe". Gold is considered a commodity investment, and shares the high volatility that is common in this class. (https://view.ingwb.com/sector-and-volatility-commodities https://view.ingwb.com/sector-and-volatility-commodities) Gold does have unique historic status as a currency or a backer of currency. I'm not in 100% agreement, but this does mean some see gold as a hedge against large-scale financial trouble. However, that same historic status has made this asset in particular vulnerable to investment scams. (https://www.aarp.org/money/scams-fraud/info-2016/gold-coin-investment-scams.html https://www.aarp.org/money/scams-fraud/info-2016/gold-coin-i...) This is one caution about this investment that you don't have to worry about as much compared to if you invest in, say, pork futures. I would argue the "safest investment" is a diversified portfolio, personally.

During periods of fx doubt, even more so. This includes recessions and right after them

Inflation adjusted price of gold is down almost 50% from 1980: https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart https://www.macrotrends.net/1333/historical-gold-prices-100-...

interfixus 8y ago
How many 1980 investments are at fifty percent or better today?
- gnopgnip 8y ago
  Since 1980, after adjusting for inflation Gold lost 50%, the S&P 500 is up 600%, or 1700% with reinvesting dividends in the S&P 500.
  - interfixus 8y ago
    Completely beside the point. The question was safety, not potential profitability. Also, please paint the full picture: How many percent of all 1980 investments retain halt their value or more today? My first guess would be: A small minority.
    - gnopgnip 8y ago
      Looking at safety, investing in individual stocks or precious metals like gold is a poor choice. Index funds, or bonds have much less volatility. To paint a full picture, how many people who invested in physical gold still have it, and how many had it stolen or lost it, or were scammed buying something other than real gold?

chimpburger 8y ago

Gold is extremely volatile. You can lose 50% or more in the medium term if you buy when its at an all time high.

soundwave106 8y ago

Depends what you mean by "safe". Gold is considered a commodity investment, and shares the high volatility that is common in this class. (https://view.ingwb.com/sector-and-volatility-commodities https://view.ingwb.com/sector-and-volatility-commodities) Gold does have unique historic status as a currency or a backer of currency. I'm not in 100% agreement, but this does mean some see gold as a hedge against large-scale financial trouble. However, that same historic status has made this asset in particular vulnerable to investment scams. (https://www.aarp.org/money/scams-fraud/info-2016/gold-coin-investment-scams.html https://www.aarp.org/money/scams-fraud/info-2016/gold-coin-i...) This is one caution about this investment that you don't have to worry about as much compared to if you invest in, say, pork futures. I would argue the "safest investment" is a diversified portfolio, personally.