[Toddsterpatriot]

but a 5% rate of return on something that is a guaranteed store of wealth over the long term ain't.

A guaranteed store of wealth that dropped 13% in a few weeks? That's funny!

[Pete]

A guaranteed store of wealth that dropped 13% in a few weeks? That's funny!

Look at the three month chart. Three months ago gold was at $540 an ounce. It rose steadily and about 1 1/2 months ago it rocketed in less that two weeks from $650 to a high of $716. The recent fall is merely a correction. Again, look at the trend. As of this morning, it sits at $631. A year ago gold was $419. Five years ago it was at $265.

[Atlas Sneezed]

A guaranteed store of wealth that dropped 13% in a few weeks?

---

What kind of moron buys gold in order to turn a quick profit?

It is about preserving wealth.

Go back to the post you responded to, and learn about "averaging in."

And remind me where to put my money that won't go down 13% in a few weeks, nor lose money with respect to real inflation, nor risk disappearing in a financial crisis.

[GregoryFul]

A guaranteed store of wealth that dropped 13% in a few weeks? That's funny!

Lots of high flying stocks (and markets), have dropped 20-30% over the past few weeks - conversely, they have risen 50% since the beginning of the year!