"100 years - 500 years - 1000years -2000years of constant underperformance, the closest thing to a zero real return ."
Mango
What was the dow doing 2000 yrs ago?
How about focusing on returns over an 80yr time frame?
Gold has always been a strategic asset.
The best approach is to have overweight or underweight exposure during the appropriate part of the cycle.
There are definitely times you want to be underweight gold.
Opinions vary.
My opinion is now is not the time to be underweight gold.
Anyone that held gold in the 1970s and sold near highs would have outperformed just about everyone. Anyone that held it between 1980 and 2000 made a terrible decision.
When the gold cycle is over I can tell you I will be one of the first ones to exit gold, but there is no sign of that now.
Evidence that the gold cycle is over will be a sub $700 gold price year on year for at least 15yrs.
Saying gold bull market is over while we are above 1300 is incorrect.
The time to buy gold with large amounts of money was 1999-2001.
99% of the population missed it.
Now there are good trading opportunites, but an opportunity like buying gold at the turn of the century will not be seen for many years, perhaps decades.
