You can trace back to 2k yrs ago when people used gold to trade/exchange...etc until gold officially became legal currency in early 1700s. Imagine what a society looked like two thousand years ago....lawless, chaos, disaster, uncertainty,...etc..you name it...yet people chose to use gold as a mean to store value.
Since you're talking about investment standpoint, the US got rid of gold standard in 1971, one once of gold was trading @$40, but that was then, it's $1600/once now. Another way to look at it is:
Gold price:
1971: $40/once
2013: $1600/once
4000% gain
S&P:
1971: 65
2013: 1560
2400% gain
How about we just look at Berkshire stock to see how it does compare to gold since 2007? Berkshire Class-A stock gains 10% since 2007, gold is doubling in price withing the same period. So, what is exactly, in your opinion, gold bugs are missing out?
It's amusing me every time when the indexes hit a new high, people quickly go out full force and bash gold bugs and cheerleading Warren Buffet as a hero when you should be thanking these guys....
They've been printing a combined of $8 trillion since 2007 to prop up the market. Without them, your investment porfolio is worthless as a toilet paper.
When the market crashed 50% from 2008-09, gold gained 12% in the same period, that's a another fact.
You can trace back to 2k yrs ago when people used gold to trade/exchange...etc until gold officially became legal currency in early 1700s. Imagine what a society looked like two thousand years ago....lawless, chaos, disaster, uncertainty,...etc..you name it...yet people chose to use gold as a mean to store value.
Since you're talking about investment standpoint, the US got rid of gold standard in 1971, one once of gold was trading @$40, but that was then, it's $1600/once now. Another way to look at it is:
Gold price:
1971: $40/once
2013: $1600/once
4000% gain
S&P:
1971: 65
2013: 1560
2400% gain
How about we just look at Berkshire stock to see how it does compare to gold since 2007? Berkshire Class-A stock gains 10% since 2007, gold is doubling in price withing the same period. So, what is exactly, in your opinion, gold bugs are missing out?
It's amusing me every time when the indexes hit a new high, people quickly go out full force and bash gold bugs and cheerleading Warren Buffet as a hero when you should be thanking these guys....
They've been printing a combined of $8 trillion since 2007 to prop up the market. Without them, your investment porfolio is worthless as a toilet paper.
When the market crashed 50% from 2008-09, gold gained 12% in the same period, that's a another fact.
Thanks for your opinion, but there was no cheerleading or bashing in any of my posts. Merely having a conversation and asking a few questions is more like it....
Why does everything have to be so polarizingon these boards.
I said given the fact it produces nothing would make it a drawback to me for owning it. While there may come a time that our currency is blown to shit, I don't know if it will be within my lifetime. That was all I was saying and I wasn't even saying it as a stance, moreso just tossing a devils advocate opinion out there to Tiz based on the article written by someone I think you would agree is pretty smart.
Also if you are were going to write that up, atleast be intellectually honest. S&P 65 to 1560 doesn't even include dividends reinvested, gee I wonder how that would change the picture. This speaks to my point of producing something (dividends) that gold does not.
Also if you are were going to write that up, atleast be intellectually honest. S&P 65 to 1560 doesn't even include dividends reinvested, gee I wonder how that would change the picture. This speaks to my point of producing something (dividends) that gold does not.
You're missing the point entirely, not surprising.
The point is gold is outperforming stocks in long term, short term, medium term, small term...or whatever.....you name it.
If you based your opinion in 1 yr data from 2012, apparently that the impression I got from Warren Buffet, then stocks WIN.
But who cares about one year run? Throwing in every dividends that you can find, gold is giving investors a steady 20% return annually in the last 40 yrs, only a few stock....Apple came to mind would beat that.
I'm providing you FACTS, I can't possibly be any more honest than that.
The point is gold is outperforming stocks in long term, short term, medium term, small term...or whatever.....you name it.
If you based your opinion in 1 yr data from 2012, apparently that the impression I got from Warren Buffet, then stocks WIN.
But who cares about one year run? Throwing in every dividends that you can find, gold is giving investors a steady 20% return annually in the last 40 yrs, only a few stock....Apple came to mind would beat that.
I'm providing you FACTS, I can't possibly be any more honest than that.
Gold does not produce any dividends is a reason as to why you don't own gold is irrelevant from "investment" standpoint.
As long as people are willing to own, trade, exchange, hedge....etc...it's a investment.
1/4 of my assets is gold and I'm comfortable holding them. By the time I retire in 25+ yrs, gold would be trading @20k/once easily.
Feel free to quote me 25 yrs from now.
As long as people are willing to own, trade, exchange, hedge....etc...it's a investment.
1/4 of my assets is gold and I'm comfortable holding them. By the time I retire in 25+ yrs, gold would be trading @20k/once easily.
Feel free to quote me 25 yrs from now.
I didn't miss anything.
From 1971 to now, the period you cited. S&P500 has outperformed Gold.....I'm not tearing down Gold or anything but if you are gonna endorse it atleast be fair and balanced and include dividends reinvested into your analysis.
Also Gold is not giving a 20% annual return over the last 40 years, this is wrong as well.
I don't even disagree with your overall premise that much Snoop, but you are not providing facts right now.
Those are cold FACTS. That's okay if you don't agree with them. Now, for the record, only 1/4 of my assets is GOLD, 1/4 is a real estate (my house), 1/4 stocks, and the rest is cash which my trading account. The market crashed twice in the last 15 yrs and it wiped out million of people. How many time has gold crashed in the same period? You can pretend that's everything is okay and that's fine if you're putting total faith on the central bankers. You just hope that the market won't crash 1 or 2 years before you retire, otherwise, you're screwed, just like million folks who happened to retire in 2002 and 2009.
Do what best for your investment.
But putting everything in paper assets? Not for me.
Do what best for your investment.
But putting everything in paper assets? Not for me.
What is fact? The 1971-2013 #s you listed were not factual. I know it wasn't intentional but they just weren't.
I don't know why you are responding to me with positions I've never taken.
I just dispute what you call facts on....
A. 1971-2013 Gold is not up 20% per annum and
B. Gold would not be worth more than S&P in that timeframe. These are just wrong, they are not cold facts. The next person who comes into this thread will say I am right about this and you are wrong.
I'm not anti-gold or anything I was just sparking some discussion with Tiz and thought the article was a decent read.
S&P since 1971 ... With Divys reinvested 5700% gain, gold 4000%
Since 2000 since the secular bear started (is it over? doubtful) gold has kicked S&Ps ass... 38% S&P... Gold 800%
And yeah snoop is right now that we off a gold standard it will fair much better long term most likely ....
Since 2000 since the secular bear started (is it over? doubtful) gold has kicked S&Ps ass... 38% S&P... Gold 800%
And yeah snoop is right now that we off a gold standard it will fair much better long term most likely ....
The 38% also with Divys reinvested ...
Bottom line gold going up long term and will significantly outperform the S&P during times our money masters fook up the economy
also just a little tidbit since no believe in divy (brk dont pay one) warren estanlishment whore is the quoted source for gold hating
S&p gain since 71 1559% no Divys, 5751% with Divys reinvest
Bottom line gold going up long term and will significantly outperform the S&P during times our money masters fook up the economy
also just a little tidbit since no believe in divy (brk dont pay one) warren estanlishment whore is the quoted source for gold hating
S&p gain since 71 1559% no Divys, 5751% with Divys reinvest
Just reading over the post I know it is semantics on my part to dwell on what you said being inaccurate because your overall point remains the same Snoop. However you do see what you said wasn't providing facts re: S&P/gold/20% per annum etc. It is not even close to 20%, it is like 7%.
Now if we turn into Japan is 7% excellent long-term? Yes I would agree.
Now if we turn into Japan is 7% excellent long-term? Yes I would agree.
Seems like its more than that but ... Anyway figured I'd google S&P with dividends reinvested and find a calculator to provide the numbers lol
Gold good during times of doom ... S&P good during times of fun and bubbles forming ...
Its a fairly simple concept Lol
Gold good during times of doom ... S&P good during times of fun and bubbles forming ...
Its a fairly simple concept Lol
Low 9s playing with excel too lazy to get it exact lol
Yeah SBR my favorite right now as far as boring divy compounder ... Gobbled a bunch on the dip near 40... One of the few things out there right now that u can build a strong case it is cheap...
Pays monthly divy/royalty (extraction price don't matter ... Big oil pumps it for u .. U get a certain cut of the oil paid to u).. Oil going nowhere but up long term as world population explodes combined with money printing mania to infinity ...
Latest annual report reserves up 10% yoy ... Keep pumping keep finding more as natty gas/oil extraction techniques get better
Yeah SBR my favorite right now as far as boring divy compounder ... Gobbled a bunch on the dip near 40... One of the few things out there right now that u can build a strong case it is cheap...
Pays monthly divy/royalty (extraction price don't matter ... Big oil pumps it for u .. U get a certain cut of the oil paid to u).. Oil going nowhere but up long term as world population explodes combined with money printing mania to infinity ...
Latest annual report reserves up 10% yoy ... Keep pumping keep finding more as natty gas/oil extraction techniques get better
