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For years on and on financial advisors tell me not to invest in Gold. And on every '5 year time block' i have seen Gold outperform every other thing of value. T
by samdung 7y ago
For years on and on financial advisors tell me not to invest in Gold. And on every '5 year time block' i have seen Gold outperform every other thing of value. The other thing with Gold, is it gives you peace of mind; not having to monitor your portfolio every often.
- Cthulhu_ 7y agoIt's always a case of hindsight; in hindsight I should've bought gold in the mid 2000s and sell around 2012. In hindsight I should've bought Apple, Nintendo, Tesla 15 years ago. But it's always a gamble. If you bought silver in 2011-2012, its value would still be below what you paid for it. If it's peace of mind, just put your money in an index fund and forget about it for a few decades. The economy, broadly speaking, usually goes up over a long enough timescale.
- nl 7y agoBut... it hasn't? If you do rolling 5 year blocks over the past 20 years I think right now (as in the last 3 days) is the only time gold out performs the Dow Jones. And even today - on one of the worst days in stock market history - gold only outperforms it by 12% (26% vs 14%). The gold price now is ~$1500/ounce. In March 2015 it was ~1100/ounce[1]. That's 26% increase. In March 2015 the Dow Jones was 18127, and now it is 21237. That's 14% That's not a great record for gold! Your financial advisors are right. [1] https://www.bullionbypost.co.uk/gold-price/10-year-gold-price-chart-usd/ https://www.bullionbypost.co.uk/gold-price/10-year-gold-pric...
- um_ya 7y agoIf an ancient Roman owned gold and traveled in time to today, he would still be a rich man. Can't say the same about any currency or stock. Gold holds value long term.