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I think the argument about gold vs. dollars as assets is laughable. The author cherry-picked an 8 year period to compare 'historical prices'. I don't doubt that
by dkokelley 17y ago
I think the argument about gold vs. dollars as assets is laughable. The author cherry-picked an 8 year period to compare 'historical prices'. I don't doubt that gold was a better position to be in during the last 8 years, but it's dishonest to say that gold is always a better investment than cash.
I expect long-run that gold will be a better position, but it tends to fluctuate wildly, and there are periods where cash is a better investment compared to gold.