Investing in Gold (Au) is something I never understood. If I spent $6,000 on Gold 25 years ago, I guess I cold get my $6,000 back again today. Meanwhile, if I put that same $6,000 in a stock returning 12% at the same time, assuming a 2.3% inflation rate, I'd be looking at $102,000. If I only got an 8% annual return, I'd be sittin on $41,000.
I really like money, I like it a lot. One really can't have too much money; and as $102,000 or $41,000 is much more than $6,000; I just can't understand why anyone would invest in Gold.
Years ago I had a buddy who did some gold mining in the Sierra Nevada mountains and came up with 80 pounds of gold.Worth about $ 816,000 in 1980. He retired peacefully and invested his money in a little known company called Microsoft and some other stocks.
The etf in silver and gold will make these metals more attractive for investment.
The problems of storage and trading physical metal will have been done away with the etfs.
If your great-grandfather invested in Calumet & Hecla Mining Co. at $10,000 a share in 1910 and you inherited that stock today, you'd be broke.
Nothing like picking an investment and date to prove nothing.