What Do You Really Know About Gold?
Monty Pelerin * Economic Noise
The following chart may surprise some. It shows that the Dow has only produced a 49% return over the last ten years, probably not enough to cover even government-admitted inflation. On the other hand, gold, which fell into disrepute for the last couple of years, has returned 399% over this same period.
No one knows whether gold will recoup recent losses, although it seems that all the original reasons to own it have only increased in magnitude. I began investing in gold stocks right around 2002 via mutual funds. That was a fortuitous decision. Since then, I have acquired some physical and continued to invest in gold stocks as well as GLD, SLV and similar vehicles.
Sadly, many think of gold only in terms of its performance in the last couple of years. Many of these people got in near the high and lost quite a bit of money jumping on a bandwagon that was turning down.
continue article at Economic Noise:
http://www.economicnoise.com/2013/09/03/what-do-you-really-know-about-gold/
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