Posted by JD Seller on March 31, 2014 at 05:27:43 from (208.126.196.144):
In Reply to: Re: OT--GOLD Investment? posted by Traditional Farmer on March 31, 2014 at 04:57:15:
I did not say gold had lost against the dollar. What I was meaning if you had invested in mutual funds or other stocks you would have much more money even after you adjust for inflation and the devaluing of the dollar.
That is counting the stock crash of 1929 and the 2008 down turn.
Gold just holds value it does not "gain" value very well. The "high" value of gold per ounce today is just a reflection of the drop in the value of the dollar. It is not a good indicator of the increase in the real value of gold.
Buy what you want but NEVER put all your eggs in one basket. If you want precious metals as part of your portfolio that is great. Just don't go to all gold. Buy some gold and silver but also have some other investments. Land and stocks (mutual funds) are my choice.
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