If you compare the charts on an inflated adjusted basis, Gold is only halfway up the price ladder, though the price is higher today than the 1980s. However, would not invest in Gold as it does not give returns and incur holding costs. Warnings to avoid gold has been sounded years ago, sometimes not wiser to go against an uptrend chart, we should have bought gold much earlier, now it needs guts to enter the market. Perhaps this American investor/speculator could be right, but he is not God either.
Likewise, Jim Rogers say Very Few People own Gold, and he can hardly call a bubble when few people own it.
ReplyDeletehttp://jimrogers-investments.blogspot.com/2010/09/very-few-people-own-gold.html
If you compare the charts on an inflated adjusted basis, Gold is only halfway up the price ladder,
ReplyDeletethough the price is higher today than the 1980s.
However, would not invest in Gold as it does not give returns and incur holding costs. Warnings to avoid gold has been sounded years ago, sometimes not wiser to go against an uptrend chart, we should have bought gold much earlier, now it needs guts to enter the market. Perhaps this American investor/speculator could be right, but he is not God either.
Holding metals is not a good investment.
ReplyDeleteYou need a market to sell it.
You can't eat it
You can't buy medications with it
All you can do is: "I have gold"
So?