I think you both bring up a great point: don't put all your eggs in one basket. Personally I wouldn't buy tangible gold (not securities) as a hedge against a failed state, but, rather, as a hedge against inflation. It never hurts to invest in appreciable commodities, but art, property, etc. have those same benefits. I good asset mix is key.
FWIW, the 1980-2007 0% growth is arbitrary. How about 1970-1980 with 845% ROI? The historical chart shows gold generally depreciates during a recession and experiences a precipitous growth in value during recovery, only to come back down (which is where we are right now). Using my eyeballs, unless we're IN a recession, decide to stock up on gold, and then SELL on the subsequent post-recession run-up securing capital gains (0% tax, no?), then holding for the apocalypse is not a good bet. But buying when it's low and selling when it's high is a no brainer. If it hits $700, I'd buy some for sure but I wouldn't empty my nest egg to do it.
Just my $.02.
P.S. For a failed state, invest in brass. ;-)
--------------------------------------------
On Thu, 7/30/15, sarah_oz@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
Subject: Re: [TSP_Strategy] Re: Gold is doomed
To: TSP_Strategy@yahoogroups.com
Date: Thursday, July 30, 2015, 10:06 AM
*LOL*
Paul,
Let me give you an example of
what could occur based upon what has occurred in the
past.
The price of gold
rose 0% from 1980 to 2007.
That's 27
years.
How long do you plan on living, and
why would you invest in a commodity
that
rises slower than the S&P 500?
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Posted by: Kenneth Briggs <brigsy130@yahoo.com>
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