Personal Finance and Investing

BigmanPigman

(52,312 posts) Mon Jan 6, 2020, 04:27 PM Jan 2020

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This message was self-deleted by its author (Original Post) BigmanPigman Jan 2020 OP

Shouldn't you buy before the price goes up? Srkdqltr Jan 2020 #1

It is starting to go up and will go higher. BigmanPigman Jan 2020 #2

"It is always a safe investment " TwilightZone Jan 2020 #3

In inflation-adjusted dollars: 1980 peak: $2241, now: $1566, down only 30% in the past nearly 40 progree Jan 2020 #4

Srkdqltr

(7,692 posts)

1. Shouldn't you buy before the price goes up?

Reply to BigmanPigman (Original post)

Mon Jan 6, 2020, 04:28 PM

Jan 2020

BigmanPigman

(52,312 posts)

2. It is starting to go up and will go higher.

Reply to Srkdqltr (Reply #1)

Mon Jan 6, 2020, 04:30 PM

Jan 2020

Best to buy now and not wait.

TwilightZone

(28,833 posts)

3. "It is always a safe investment "

Reply to BigmanPigman (Original post)

Mon Jan 6, 2020, 04:43 PM

Jan 2020

That's not even remotely true.

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

progree

(11,463 posts)

4. In inflation-adjusted dollars: 1980 peak: $2241, now: $1566, down only 30% in the past nearly 40

Reply to TwilightZone (Reply #3)

Mon Jan 6, 2020, 06:56 PM

Jan 2020

Last edited Mon Jan 6, 2020, 11:31 PM - Edit history (2)

years. So it has only lost 30% of its purchasing power in the past nearly 40 years. That's pretty stable or something like that or thereabouts, I guess.

Not included: expenses of safely storing. Or the fees and expenses of a bullion fund like GLD (SPDR Gold Trust). Currently GLD's expense ratio is 0.4%/year which adds up over 40 years.

The inflation-adjusted S&P 500, the "Wall Street Casino" is up 7.64 fold over the same period, and that is just the index, it doesn't include reinvested dividends (nor does it include expenses).
https://www.macrotrends.net/2324/sp-500-historical-chart-data

(The $1566 gold price is from finance.yahoo.com closing price for 1/6/2020)