The Folly of Holding Gold as a Permanent Investment
. . . and the Genius of Trading It
Worldwide ETFs Portfolio
7.2 years June 28, 2002--September 11, 2009
See Comments below
Many advisers and investors believe and practice the investment strategy of allocating 5 to 10% of their portfolios to gold permanently, especially metallic gold or coins.
They have been lucky. Gold handily beats the market over the past seven years due to the continuing and rising fear of inflation--perhaps the runaway variety.
Gold's annual rate of return has been 17% versus 7% for the Nasdaq-100 and 5% for the S&P500 during the period shown. More about luck in a minute.
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