Do you own any gold?

besides this?

Hell no.

Umm not sure if serious. My grandpa bought a bunch of gold for 4-500 an ounce back in the day. You'd be hard pressed to convince him if he were alive today that was a bad investment. It's 1200 an ounce today. There arent many, if any stocks today that are worth $800 more per share than they were at purchase date.

I don't own any personally because thats a sizable chunk of cash per ounce, but I try to buy silver when I've got some extra cash

Precious metals are about the safest investment you can make. They've had a value as currency since the dawn of man. Silver in particular is becoming more and more prevalent in the industrial and manufacturing world. Gold and silver are global currencies, there isn't the risk of a crash like there is with paper money

Having said all that, it's not a get rich quick investment like the stock market can be if you play your cards right. If you're going to invest in metal you've got to be willing to play the long game. Silver was less than 5 an ounce in 2000, a $5000 investment back then would be worth about $17,000 today.

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There arent many, if any stocks today that are worth $800 more per share than they were at purchase date.

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Question, before I get into just how many things are wrong with this statement.


When did your grandfather purchase this gold @ $400-500/ounce? As in approximately how many years ago, ballpark.

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2004-2005

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That's "back in the day"? I thought you said long term?


Gold has made a good run over the last decade, the price however has dropped and stagnated since 2011. Price of gold goes up when fear goes up, historically. 9/11,Housing market collapse, stock market crash all happened between 2001 and 2011, when gold had its largest gains in history.



When I think "long term", I think 20-30 years. Stocks kick gold's arse long term, and when I say kick gold's arse, I mean like what you did to CNB. Yeah it's that bad.


Let's look at the last 20 years, keep in mind gold made the largest gains in its history, while stocks had the biggest crash since before the Great depression.

When comparing stocks with gold over the long term, gold really doesn't have a leg to stand on. Over the past 20 years, gold is up 283% while the S&P 500 has generated a 433% return.




If we move the timetable out to 25 years, the S&P has gained 983% while gold is up just 226%.




Gold, hasn't even kept pace with inflation over the last 200 years.

If 3 investors invested $10,000 in Stocks,Bonds, and Gold 200 years ago, The stock investor would have turned his $10,000 into $5.6 billion. The bond investor would have turned his $10,000 into $8 million, and the gold investor would have turned his $10,000 into $26,000. That is statistically significant.

I have some, but not really as an investment. More of something for my grand kids to fight over.

Golden Rule: 100 years ago, an ounce of gold would buy a nice suit. 50 years ago, an ounce of gold would buy a nice suit. Today, an ounce of gold will buy a nice suit.

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To me, the point of investing in gold isn't to seek a high return, but to diversify your portfolio. It's a hedge against your high beta equities.

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I can understand that, especially if you're over 40. But I'm 31, and I won't even consider gold until it drops back below $850/ounce, which it will.

We own physical gold. I was sitting on approximately 100 oz a few years back. We bought 40 oz under $900 and added another 40 oz. to our position at just under $1000. We sold at a considerable gain over the next few years but I still hung on to 10 oz.

Don't know where gold will go, but 10 oz is not a sizeable position so I'm okay holding on to it.

The money we made off of gold allowed me to pay off all of my graduate and undergraduate student loans. I even paid off my truck with the gain.

Gold was good to us.