Well, I really don’t know if gold is a bad investment. However, I stop reading after the first sentence. “ $1 investment each in stocks, bonds, T-bills and gold, beginning in 1802 to and ending in 2006”
Sorry, I really don’t think starting back over 200 years ago, and then choosing to end in 2006, (right before the huge run up in gold) is any kind of accurate reading on an investment.
The government also had a price fix on gold for many of those years. Why not just do the last 20, 30, 40 years, and see how the numbers come out then?
It just sounds like he is pushing a agenda. Why? I have know idea.