Thread: Buying Gold
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Old 07-28-2005, 02:13 PM
jakethebake jakethebake is offline
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Join Date: Feb 2004
Posts: 9
Default Re: Buying Gold

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No reason other than I just want to.

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Good to know you've got a thoroughly-analyzed financial strategy in place.

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Here is an interesting statistic that I found though that might change my mind:

Gold 14.38 0.98

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Gold is a tactical investment. It does very well during times of fear or high inflation. But long-term it's a dog. Not only is the number you quote correct, but iirc it has never beaten inflation over any 10-year period. (Don't quote me on that. It may have been never beaten stocks.)
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