I have never bought gold. I fared much much better with real estate over the last 30 years.
What was the price of gold in 1980?
What was it in 1990?
2000?
No thanks ;-)
Generally speaking, you get about one spike in metals per generation. And generally speaking, you’ll get a 300 to 500% spike “IF” you time it right.
And then you get all the folks who didn’t time it right. I’m sure a lot of people bought in as Gold peaked. What happens when the floor falls out. You don’t hear about those folks. You only hear about the folks who “say” they made a killing.
And of course some people do make a killing. And of course, some folks get killed.
As with these types of things, when everyone is saying this can’t end, and it will continue to go up, that’s generally when you need to get out.
I may be wrong, but I’m not convinced we’re far from that right now.