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As a long term bet, gold's the worst investment on the planet....

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Skol

32,985 Posts.

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25/02/21

09:49

Post #: 51309777
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Originally posted by sergeant: ↑

Umm, no skol, I think it’s you that doesn’t know what you are talking about. 10 yr treasuries are redeemed every 10 yrs. Do the maths and I think you’ll find that I’m right.
I’ll save you the bother though.
Had you invested $100kUSD in 10 yr treasuries 1984, and reinvested that same $100k every 10 years up to today then your capital growth would be $416k USD or $516k USD including the initial $100k USD. However, in that time, the USD has declined 45% against world currencies so the real value is actually $284k USD.
Over the same period, had you invested $100k USD in gold it would be worth $600k USD today, but because you own gold, you’ve also hedged against the USD, and had you elected to convert that to CHF for instance, which has appreciated 65% vs USD over that time better you would be substantially better off. 2-0 Sarge
https://www.macrotrends.net/2016/10-year-treasury-bond-rate-yield-chart

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As a long term bet, gold's the worst investment on the planet. The only way to make money out of gold is to speculate on miners and exit stage left before the prices plunge, like what's happening right now.
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