page-loading-spinner
Home A Bad Decade for Stocks
Economy
Uncategorized

A Bad Decade for Stocks

The User's Profile Chris Martenson December 22, 2009
6
placeholder image

It’s easy to find articles that bash gold as an investment. For some reason, there’s real antipathy towards the yellow dawg out there in the establishment investing community.

I know all the reasons; it doesn’t produce a return, it just sits there, you can’t eat it (but who eats stocks & bonds?), and so forth.

But the thing I find interesting is that I believe this antipathy was developed a very long time ago when gold was a very unattractive investment.  During the 1980’s and 1990’s, gold did nothing but fall.  So I understand how a sour impression could have been developed over that period of time.

It is known that in the medical profession it takes 10 years for a good, life-saving treatment to fully penetrate the medical community.  You’d think something that is a proven winner would gain more favorable adoption, but that’s not the case.

Resistance to change is a very human thing, and investment professionals may be just about as resistant as any group.

Here’s a recent article:

Gold’s not-so-great returns

Something to remember if you’re thinking of buying gold at its current high levels: If you bought during the last peak (in January 1980), you would have been better off with an interest-bearing checking account .

Back then, gold was $850 an ounce, Bloomberg reports. If you had bought gold and held on to it, you would have earned about 44%.

The rest is exclusive content for members

Curious about what being a member offers? Sign up now for a risk-free trial and get a sneak peek into the premium content, features, and perks awaiting you on the other side.

Community

Top Comment

macro2682:
 (and my own, as I too work in finance - and would be much hated by many of Chris’s readers!)…
I’m not a millionaire wall streeter,...
Anonymous Author by guardia
0
Image | AlertsUSA

AlertsUSA

Learn more
Image | ImmuneMist

ImmuneMist

Learn more