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Originally Posted by Lenny2
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.  |
Your comapring 1980 dollars to todays dollars. There is no comparison. Gold today is so underfalued.
I started buying up gold in 2001 when it was around $300 an ounce. Price today, $650..