When you look at the track record, say, over 50 years, if you put money in gold 50 years ago, or you put money in a growth stock mutual fund 50 years ago, or you bought a house 50 years ago with the exact same amount of money, so we took $100,000 and we put it in there, and you visit 50 years later, you know, you would find that gold has about a 2% rate of return over that 50 years... It's done horribly!The truth? Not even close. Gold was $35 in 1966, and is $1216 now. That's a 7.35% annual return compounded over 50 years. And it's 8.2% annually over the 45 years since Nixon took the dollar off the gold standard in 1971. That's not quite as high as stock returns, but it's a hell of a diversifier due to its low correlation with stocks, and certainly deserves at least a few percentage points in any asset allocation.
Dave Ramsey just makes stuff up about gold
Radio gold-basher Dave Ramsey on his 3/24/16 show (hour 2, 30 mins in):
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Gavin Newsom's insane new executive order commands Californians to stay in their homes "until further notice" "except as...
Joe Rogan is yet another multimillionaire fleeing California’s insanity. Who’s going to be left to pay the bills?