Quote:
Originally Posted by RummyBoy
Gold isn't an investment for anyone, the function of gold is basically that of money (as opposed to fiat currency) and thereby it is supposed to "preserve wealth" (defeat inflation) and not do much more than that.
So when I look at your figure of 6.26%, its reasonable to suppose an inflation rate taken as an average over the 20 year period that you describe was probably around 6% and therefore Gold may have done its job. ...
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No, those figures are not adjusted for inflation -- never assume anything.
Gold as a hedge is nowhere in the period shown.
Nice Chart Site:
chartseeker.com
Peaks and valleys average out. Idiots could make money in the stock market the past 18 months -- will their luck continue?