Tuesday , 25 June 2024

How Many People Do You Know Who Own Gold? Do You? If Not, Here’s Why You Should

If there is a business sector or financial asset class that has outperformed gold in the lastgold rise 16 years, I can’t think of one yet how many people do you know who understand the necessity for owning gold and have actually acted on that knowledge?

The comments above and below are excerpts from an article by TheDailyCoin.org which may have been enhanced – edited ([ ]) and abridged (…) – by  munKNEE.com (Your Key to Making Money!)  to provide you with a faster & easier read.

Had you acquired a 100 ounce bar of physical gold on December 31, 1999, your total out lay would have been $29,025.00. The value of that same gold bar today would be approximately $132,800.00 (+357%). Had you invested the same amount in the stock market your investment would have grown by less than double, approximately 57%.

A 357% increase in the value of any asset, over the course of seventeen years should be considered a winner but you’ll never hear anything like this on mainstream media, as they are too busy reminding you of how great those blips-on-a-screen are performing and making your retirement all cushy and fat.

[While it’s true that] you can’t eat gold…[that’s] no reason [not] to have gold in your portfolio because, unless your portfolio is filled with digestible items, you are going to lose…[While] you can’t eat gold, there is always a market for gold, anywhere in the world, which means you can convert your gold into the local currency where ever you decide to have dinner.

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