Around the recession we heard a lot about gold as an investment. I'm not hearing that much about it lately.
Here's why:
click for full size, source: Yahoo Finance |
If you'd bought gold almost anytime in the past 8 years you'd be losing money on it versus simply putting your money in a bank account. If you'd bought gold between 1995 and 2005 you'd have been lucky to beat a savings account. If you were lucky you bought sometime before 2005 and sold around 2010. This isn't the kind of pattern for an investment that you'd want. It takes extreme luck to do any better than beating a simple bank account.
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