The past 5, the past 5, the past 8 - it is all one endpoint and that dominates every one, they are all saying the same thing. Gold is higher right now than recently. Go to any other endpoint - except the 1980 spike - and it is a dog.
On midcaps, SP extended market index fund from 2nd quarter 2003 to now, inclusive, is up 2x. Oh and 5 years ago is a bear market, again endpoint selection. If you let me pick a bad starting point for the rival and a high endpoint of the plugged item, I can make anything on earth look good for one snapshot period.
As for commodities generally, long term they are the worst dog in the manger. They do well at specific inflation-hedge or currency depreciation times, which are narrow time windows and tend to be step functions. Anybody who wants to speculate on calling such turns is perfectly welcome to try. Anybody who puts their wealth in gold and leaves it there long term is being stupid.
And it doesn't matter how many times you repeat yourself or post the same lame chart, it is still a stupid long term investment that will never keep up with overall economic growth on any extended time scale. For the obvious reason, it makes nothing, all it does it grab back a little of what monetary authorities take away when they inflate. (So does interest, it isn't saying anything).
On midcaps, SP extended market index fund from 2nd quarter 2003 to now, inclusive, is up 2x. What symbol does this fund trade under ? Care to post a chart ?
The past 5, the past 5, the past 8 - it is all one endpoint and that dominates every one, they are all saying the same thing. Gold is higher right now than recently.
Thank you for providing the definition of a bull market.
Anybody who wants to speculate on calling such turns is perfectly welcome to try. Anybody who puts their wealth in gold and leaves it there long term is being stupid.
Please define long term ? Is it 5 years ? 10 ? 20 ? 30 ? Anyone that leaves wealth in ANY investment vehicle long term without periodically analyzing economic conditions and the investment's performance is stupid.
You can focus on your undefined long term all you want but it is clearly demonstrable that over the past 1,2,3,4,5,6,7, and 8 years Gold has ouperformed the S&P 500 with dividends re-invested. Believe it or not, stocks do experience extended periods of flat or negative performance. The chart below is the chart of The DOW going back to 1929. As can be seen in the chart, between approximately 1966 and 1984, the performance of the DOW was flat. It took 16 years for the DOW to break out to significant new highs.
And it doesn't matter how many times you repeat yourself or post the same lame chart, it is still a stupid long term investment that will never keep up with overall economic growth on any extended time scale.
Lame charts and stupid long term investments? Please try posting a chart or symbol that verifies your statements. Stop relying on hyperbole and insults to communicate.
1:19 April platinum ends up 1.7% at 26-yr high of $1,053.80/oz
Seems to me you two are arguing over the wrong natural resource/commodity, anyways. (grin)