That analogy is way off. The price of gold was kept fixed and was artifically low. So market forces quickly brought it up to a trading level, but that trading level has increased relatively little since.
Gold has appreciated more than the DOW going back the past 1,2,3,4,5,6,7, and 8 years.
touché
Gold is a good bet if you can smell a recession coming or see inflation rising high, but for a long term retirement prospect, I'd shy away from it. Obviously we're going to have to agree to disagree. As with any investment, it's best to diversify.
That is a long way from your original statement of "Gold as an investment stinks."
Obviously we're going to have to agree to disagree.
I agree.
As with any investment, it's best to diversify.
I agree again. ;-)