Here's something to think about.
In 1965 one ounce of gold could buy you a very well made custom tailored suit of clothes.
In 2008 an ounce of gold will buy you a very well made custom tailored suit of clothes.
Now, have you really 'made' any money on that ounce of gold you bought in 1965?
I'm not saying don't buy it. I'm just saying that you need to realize gold isn't really an investment vehicle like stocks or bonds are.
L
In 1965 one ounce of gold could buy you a very well made custom tailored suit of clothes.
In 2008 an ounce of gold will buy you a very well made custom tailored suit of clothes.
And somehow that is supposed to be good??! $500 worth of the S+P bought in 1965 would today buy you an entire clothing factory today.
“It’s a store of value.”
You are correct, Sir. We have a goal in mind and a plan (we’ll sell at a certain point in the future) and we’ve planned the work and are now working the plan. We’re 8 years in, so we’ve been quite patient while others panicked and sold too early. IMHO. :)
Perfect! Econ 101 right there.