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Old 07-13-2006, 11:36 PM  
Snake Doctor
I'm Lenny2 Bitch
 
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Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
Gold as an investment is a joke IMHO.

If you bought gold in 1980 it cost $850 an ounce.

Today gold is worth $650 an ounce. That's a negative 26 year return.
The numbers are even more brutal when you take inflation over the last 26 years into account.

If you MUST buy gold, buy the exchange traded fund "GLD" so you won't have to pay exorbitant fees to sell it later.
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