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This is not amazing, and false for almost any other 15-year period. Gold's value fluctuates a lot over any 20-year span, but the long-term trend is not really c

• nostromo 6y ago
  Of course it’s amazing that a pile of rocks can outperform the world’s best companies as an investment vehicle. 2008 was a sea change in fiscal policy that unleashed worldwide money printing. It isn’t surprising that gold has done very well during this period. And I don’t see that trend changing anytime soon. But in the long-term, I agree with you. Which is why precious metals are a small part of my portfolio.
  • zamfi 6y ago
    > Of course it’s amazing that a pile of rocks can outperform the world’s best companies as an investment vehicle I guess it depends on your definition of amazing. If you assume -- and I'm not saying this is true -- that the value of "the world's best companies" trends at 8%/year with a +/-15% "variance", while the value of "a pile of rocks" trends at 0%/year with a +/-15% "variance", you would totally expect to see long periods where they yield comparable returns. Personally, I don't find that particularly amazing, but to each their own!