I’ll be happy to admit that there is literally no better way than buying gold, to maintain your purchasing power. For a portion of your investments, you want to keep at zero, not have inflation or currency loss, yes, it makes a perfect investment.
Certainly you will not grow wealth with it, unless you buy it when it is artificially low, sell when artificially high? Of course, what normally happens, is they buy at the highest price in decades, then sit on it for years, contemplating why on earth they ever bought it.
If the question were posed to myself, I would have no problem. My portfolio is at my finger tips. A click of the mouse and I have my asset allocation in percents.
I can copy and past any symbol on my spreadsheet. A click of the mouse and I can isolate any asset, tell you its last trade, open and close. What percent of the portfolio that asset is.
Another click and I can isolate any asset and rreport every single transaction: buy, sell, split, reinvest. I can give you the date.
I can give you an entire capital gain/loss history for every transaction, realized or unrealized.
Now, you don't know me from Adam. Everything I post might be fantasy. But at least I would be able to give you an almost instant answer to your questions and you would by more liable to consider my posts a little more reliable than someone who does not.
Everyone here is anonymous. They can try and fake anything. It is easy to spot the phoneys.
yitbos
Agreed, it’s been a lousy “investment” for a long time.
Most of the rise in the last 6 or 7 years is just the dollar tanking against other currencies. I’m not a gold-bug as such, there is no rational reason to use gold as a proxy or anything, but I would like to see some sort of objective unit of account. How this can be done in the 21st century, I have no idea. What good is a 5 per cent bond when inflation is running 6? All those tables, graphs, and charts presuppose a some sort of rational substrate, at least I hope so. Inflation robs savers especially, and those on fixed incomes - the elderly in particular. Great way to spend retirement, watching ones’ savings evaporate, huh.