See somebody gets it. Gold has never been a good long term investment because it doesn't go up very often and generally only when the world takes a dump. it is more of a place to dump cash because there are no other sound investments at the moment.
Nobody was talking about gold as an investment during the 1990's, it went nowhere for a decade while the stock market was going nuts. Buying gold now is like dumping your stocks the moment they hit rock bottom and are going to go back up.
Trends mean nothing long term. Go look at housing price trends and you would think they would go up forever until they crashed hard. Microsoft stock trended up for over a decade and then ran out of gas, Apple stock took a dump for a decade and now is worth a mint compared to 2000. Things change, don't drink the cool-aide and you won't get burned. Pay off debt, live under your means and things will work out.
Bookmarks