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>Compare a stock portfolio with a simple precious metals basket. The stock market is a poor longterm store of value. while I agree that this would make a very
by lsc 16y ago
>Compare a stock portfolio with a simple precious metals basket. The stock market is a poor longterm store of value.
while I agree that this would make a very interesting chart, do you have a reference for that?
I mean it's clear that during the last 10 years, nothing has touched metals, but if you were in gold for the 10 years before that, things wouldn't have gone quite as well.
- encoderer 16y agoI keep hearing "Gold always goes up." It gave me this thought.. 2010 "Gold Always Goes Up" 2004 "House Prices Always Go Up" 1999 "The US stock market always goes up"
- deleted 16y ago[deleted]
- bodyfour 16y agoSort of like: 1979 "Gold Always Goes Up" http://mjperry.blogspot.com/2010/09/chart-of-day-inflation-adjusted-gold.html http://mjperry.blogspot.com/2010/09/chart-of-day-inflation-a...
- nostrademons 16y agoI think it's fairly obvious that there's a bubble in gold right now, and I would gleefully short it if I didn't suspect that the market will stay irrational longer than I can stay solvent...
- mynameishere 16y agohttp://www.ritholtz.com/blog/wp-content/uploads/2010/05/4-2-10-Monthly-SP-in-Gold.gif http://www.ritholtz.com/blog/wp-content/uploads/2010/05/4-2-... Also, gold is tax-disadvantaged.
- lsc 16y agoI'm aware of some of the disadvantages; my understanding is that if I buy a Krugerrand, it appreciated (even if it's just keeping up with inflation) and I sell it, I need to pay a higher "collectors" tax rate rather than capital gains. However, my understanding is that this is fairly easy to get around, either buy going for a ETF like GLD, buying stock in a company that owns gold 'in the ground'