I remember a few years ago a group on PF who were singing the praises of gold investment. This despite the fact that gold has consistently underperformed the market and has no cash flow. In the past 5 years gold has gone from about 1100 to about 1200, an increase of only about 9%. In that same period the Dow has improved by about 80% and its components provide a cash flow. Who here has gold?
I have a bit, in the form of 1 oz bullion coins, but it's just in case I have to leave the country, in a time of chaos. I've got some diamonds, too, bought at just a bit above the price that pawnshops pay for them, in case I have to travel fast and light and discretely.
About half my savings is in the bank, loosing earning power every year, and half my savings is in Eagles of Gold and Silver. What I like about my Gold and Silver is "When I Need It, It Will Be There For Me."Not like my ATPG stock that isn't worth its' paper today. Gold and Silver is my rainy day fund and I feel secure with that decision. Moi r > g No
10% of my net worth is all that I feel comfortable with being in gold. You can quickly lose 1/3rd of your value with gold. I ca'nt accept that in much of my investments. I prefer to have my money in apts, rented out to many people per house, cheaply, by the weekly room. Even then, only VA loans make it really worth the risk of my money. What costs other people 30k to set up, I set up for only 5-10k. So the return on investment is much, much higher than with regular mortgages and the likelihood of full occupation is much higher, too. Location, tho, and getting the right price to start with, are very important for good returns
