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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (71950)1/3/2010 4:13:40 AM
From: Haim R. Branisteanu3 Recommendations  Read Replies (1) of 74559
 
TJ, you are again trying to avoid an honest comparison between the performances of gold to other investment venues. Nowhere in my posts had I discussed the "savings of a nanny" but investments venues for those with some experience in those matters.

I still do not understand why you are so stubborn and refusing to admit that even in a year of high uncertainty and record printing of confetti called “money” investment in GOLD bullion underperformed very badly if compared with other investments venues.

After all as long as the legal medium of exchange between buyers and sellers are pieces of paper called “money” investing in gold did not reward the investor as have other investment venues.

In a nutshell GOLD is still far from generating the returns that an able and capable investor can achieve in the financial markets. Gold bugs are proven wrong for the last generation and I suspect hoarding NOW gold as the main investment in an investment portfolio will have the same results in the future.

True timing and trading GOLD on an ongoing basis can increase returns as is the case with any other financial instrument but it definitely is not a medium of investment where you buy and hold and forget about timing and trading!!

Over the time span since 1982 to 2010 GOLD has badly underperformed even the S&P and NASDAQ as an example whose returns are negative for the last decade!!
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