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Joined Apr 1, 2010
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go long WEAT & short UUP ?
$50 in stocks in 1904 (dow) worth $14,000 not including dividends.
Dow beats inflation, gold is lucky to keep up with it and doesn’t always.
Gold is good over the right time frame, like anything else. But from 1980-2000 it lost 90% of it’s inflation adjusted value as the money supply tripled. No everyone can sit around for 4 decades waiting just so they can maybe live long enough for their purchasing power to be restored.
Then again, 1900-1932 dow did nothing or dow from 1929-1950 it did nothing….
So, pick and choose your time frame and asset class. There is a time for everything.