Originally Posted by
Skol
Gold is a lousy long term investment, and to prove it here's a quote:
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In his book Basic Economics, Thomas Sowell[69] argued that, in the long-term, gold's high volatility when compared to stocks and bonds, means that gold does not hold its value compared to stocks and bonds:
To take an extreme example [of price volatility], while a dollar invested in bonds in 1801 would be worth nearly a thousand dollars by 1998, a dollar invested in stocks that same year would be worth more than half a million dollars. All this is in real terms, taking inflation into account. Meanwhile, a dollar invested in gold in 1801 would by 1998 be worth just 78 cents.
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Enjoy your yellow metal, if you live in North Korea or Iran it might come in handy.