> This is how it’s been since 1965. Predicted, hasn’t happened.
In terms of dollars, the metal value of 1964 coinage is up 25 times. But I guess the stock market is up more than that. Gold seems to be a better hedge against utter bankruptcy of “equities” though.
The last time the stock market popped (14 months ago), spot price of metal went to hell, but actual selling price went up at exactly the same moment.
Seems a little complex, to me.
I think gold and silver are rigged markets, like diamonds.
I old and I know a lot of retired people. Some of them have safes with some gold and silver in them. But I don’t know anyone who retired off investing in either.
A friend who was a music star said he made “really good money” in music, but made his big money in real estate, which is how I retired early.