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For stocks[1], August 2000 is just about the high water mark of the dot-com bubble; for gold[2], August 2000 is the bottom of a "V" that extends 20 years in eit

by jcheng 6y ago

For stocks[1], August 2000 is just about the high water mark of the dot-com bubble; for gold[2], August 2000 is the bottom of a "V" that extends 20 years in either direction. I'm not saying you cherry-picked August 2000 as a starting point to make gold look good (20 years is a nice round number and a reasonable time span), but if you were cherry-picking you couldn't do better than that. [1] https://www.google.com/search?q=sp500+historical&oq=sp500+historical&aqs=chrome..69i57j0l7.1975j1j7&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=sp500+historical&oq=sp500+hi... [2] https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart https://www.macrotrends.net/1333/historical-gold-prices-100-...

autokad 6y ago
That's true, but stocks are also at all time highs now, so its not a completely unfavorable position for stocks. This is the reason why I said it will likely out perform over that window for a few years. The problem is, someone who is working and saving money away doesnt get to choose the window they are in. I wouldn't buy gold here, but if gold ever drops around the range of 1500, I am not going to miss that chance again at having some of it in my portfolio.