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):
Gothamist : A 58-year-old taxi driver killed himself in his Queens home this month, marking the eight suicide in the taxi industry this yea...
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
1) We're going to need to decouple from the evil Chinese regime. This started as a crazy Trump position but is now bipartisan consensus....