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FYI: Gold prices slid toward 2014′s lows on Thursday in the wake of the Federal Reserve’s move to curtail its monthly bond-buying program. Gold futures tumbled 1.9% to $1,201.90 a troy ounce recently, right near its psychologically significant $1,200 mark. Gold briefly dipped below that level earlier in October for the first time in 2014. Regards, Ted http://blogs.barrons.com/focusonfunds/2014/10/30/gold-slumps-tests-1200-level/tab/print/
How is anyone going to be a successful investor in gold? Gold peaked at $875/ounce in January 1980. So there was a major run up till that point and people did extremely well. Then it went down in value for 21 years, losing somewhere around 65% on a nominal basis, and probably lost around 90% if you take inflation into account. Then it had a major run up from about 2001 thru 2012, peaking around $1900. Now it's back to $1200.
MFOers, How is anyone supposed to invest in this asset class successfully?
By the way, Alan Greenspan is now saying that it would be good to own gold now!
Comments
Gold peaked at $875/ounce in January 1980. So there was a major run up till that point and people did extremely well.
Then it went down in value for 21 years, losing somewhere around 65% on a nominal basis, and probably lost around 90% if you take inflation into account.
Then it had a major run up from about 2001 thru 2012, peaking around $1900. Now it's back to $1200.
MFOers, How is anyone supposed to invest in this asset class successfully?
By the way, Alan Greenspan is now saying that it would be good to own gold now!
http://www.cnbc.com/id/102136750
Very Interesting
Regards,
Ted
http://www.bloomberg.com/markets/commodities/futures/metals/