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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 454.39+6.4%Feb 3 4:00 PM EST
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To: Seeker of Truth who wrote (59672)1/3/2010 5:39:41 PM
From: KyrosL  Read Replies (4) of 220000
 
Actually inflation in the eighties was much higher than it is now. It started in the double digits at the beginning of the eighties and ended around 4% in 1990, more than double what it is now. During the eighties gold cratered.

Again, worldwide capacity and productivity increases argue against inflation. So, the fundamental case for gold is pretty thin. One credible argument for gold is diversification away from paper assets. But this can arguably be done more profitably via yielding real assets such as real estate, farm or wood land, energy partnerships, etc. Another argument is that, it's becoming a fashionable asset to own, so it has a lot of appreciation potential because it is still under owned. I don't like over owning assets whose main attraction is fashion, so I will not be adding to my gold allocation which has stayed at roughly mid single digit percent of my portfolio since the early 2000s.
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