Do you think that gold is a barbarous relic? If so, why has it risen 280% since 2000?

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Think Richlyâ„¢

Do you think that gold is a barbarous relic? If so, why has it risen 280% since 2000?

The current gold price is above $700 an ounce. It was about $250 an ounce in the year 2000.
Additional Details
That is an average of 40% per year increase in price.

Joe S

Thanks for asking this question! I did a google search and came up with this gem. I hope that you and other answers will read it and enjoy. From what I know about your attitude about gold, I know that you'll love it.

http://www.moneyweek.com/file/20510/golds-not-a-barbarous-relic-central-banking-is.html

Now, to the people criticizing gold from an investment perspective, let me throw a financial quant term at you that I don't expect you to understand. The point is not to be condescending. It's to suggest that there are other valid ways to look at an issue that may turn your argument around.

The choice of numeraire is important when evaluating investment performance. You're evaluating your investments in terms of dollars that you may assume to be riskless. In fact, dollars are only useful when you can exchange them for things. There have been fiat currencies that have completely evaporated. The dollar itself has lost about 95% of its value since the creation of the Federal Reserve.

So, you should keep in mind that you are evaluating your investments upon the basis of a risky asset.

warman111

not only gold most metals raised even more than gold

nolajazzyguide

No, it's certainly NOT outdated. Gold is rising because the world's worthless FIAT currency is getting ready to CRASH big time!

Nikolas M

It is as good an investment as other commodities but who knows what it is going to do next?

L L

I'll buy real estate any time any days against all investments. Fist building I bought $125K, less than 10 years now is in million.

I broke even in commodity trading in two years

I have my wall paper from unlist sotck 60,000 shares.

My RE portfolio start from scratch, in year time increases to seven digits. I can touch, I can feel it too.

Flyboy

Gold is a timing investment. That is, you can make money only by good timing. Over the long haul gold has been a poor investment compared to stocks. A number of years ago gold was also in the $600+ range. Obviously, by the year 2000 it had dropped to $250. The poor bloke who bought it long ago when the price was above $600 lost a lot of money just as you might if you buy it today at $700+.

Terry

Gold is simply a commodity. Like all commodity trades, it is subject to market fluctuations based on supply and demand. In general, precious metals are not considered a reliable long term investment, even if they do go through periods of accelerated growth.

Take a look at this chart for a more realistic view - click the 68-99 monthly view:
http://www.kitco.com/charts/historicalgold.html

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