Downsides to precious metals?

[WEE]

I haven't actually checked the numbers BUT, But, but.......
Yeah.....double. And it only took 40 years. Personally and IMHO.....THAT isn't my idea of a "good investment".

Aloha, Mark

If you started buying 40 years ago, 1984, gold was under $400. At today's price, roughly $2,200, that's over a 500% increase. Even if someone bought a little bit every year, it's way more than doubled. Sometimes, over periods of years, gold outperforms the stock market, and vice versa. From 1990 to 2020, the price of gold increased by around 360%. Over the same period, the DJIA gained 991%. Looking at the 15-year period from 2005 to 2020, the price of gold increased by 330%, roughly the same as the 30 years considered above. Over the same period, the DJIA increased by only 153%. Hindsight is always perfect, but investment diversification has always been a great strategy.

 

[DunRanull]

In a pinch you cannot eat them...

 

[Camelfilter]

In a pinch you cannot eat them...

Yes. Just like any other non-food item…

 

[billdeserthills]

In a pinch you cannot eat them...

You can do it one time

 

[ma96782]

Gold Leaf Ice Cream.

View: https://youtu.be/UojcQ4K1uLk?si=ssolpR3jPBYymRTo


Aloha, Mark

PS.....thank you WEE (Post #341).

 

[Kcee]

When I was studying finances back in the 1980s, I learned you should always keep 10% of your savings in precious metals.

I inherited my father's stuff, and I did buy a little myself to make the 10%. I have no idea what it's worth today, and I hope I never have to find out.

 

[ma96782]

Since this is suppose to be a Firearms Forum.
Forget about GOLD firearms.

View: https://youtu.be/4KM7ySNWuqU?si=ik-uLOEOYjdSLlYu


Why not "Platinum" in this form (P-09)?

View: https://youtu.be/GHVsHmVKGs8?si=z0hudtFzXZaIbEsh


Aloha, Mark

 

[Burt Gummer]

When I was studying finances back in the 1980s, I learned you should always keep 10% of your savings in precious metals.

I inherited my father's stuff, and I did buy a little myself to make the 10%. I have no idea what it's worth today, and I hope I never have to find out.

Its worth next to nothing. Let's do lunch. I'll bring a $50