Thursday, September 5, 2013

What Do You Really Know About Gold?

Monty Pelerin * Economic Noise The following chart may surprise some. It shows that the Dow has only produced a 49% return over the last ten years, probably not enough to cover even government-admitted inflation. On the other hand, gold, which fell into disrepute for the last couple of years, has returned 399% over this same period. No one knows whether gold will recoup recent losses, although it seems that all the original reasons to own it have only increased in magnitude.



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