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The chart below comparing the performance of gold vs. that of the DJIA over the last
decade may be a surprise to some – and most certainly your financial advisor. Take a look and if you like what you see send a copy to him/her suggesting that with gold currently on sale at distressed prices that now may be a good time to add some to your investment portfolio.
Below are edited excerpts from a post* by Monty Pelerin (economicnoise.com) entitled What Go You Really Know About Gold?
The following is presented by Lorimer Wilson, editor of www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here). The excerpts may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.
Pelerin goes on to say:
The chart below shows that the Dow has only produced a 49% return over the last ten years – probably not enough to cover even government-admitted inflation. Gold on the other hand while having fallen into disrepute for the last couple of years, has returned 391% 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….Sadly, however, many think of gold only in terms of its performance in the last couple of years. Many of these people got in near the high and lost quite a bit of money jumping on a bandwagon that was turning down.
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Conclusion
Is the bull run in gold over? No one knows, but it does seem to be a reasonable addition to portfolios as it generally tends to move in the opposite direction of stocks….Whether that is a temporary phenomenon or merely the continuation of the biggest stealth market in history (neither governments nor their press lackeys like to publicize gold when it is going up) is up to you to decide.
[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]
*http://www.economicnoise.com/2013/09/03/what-do-you-really-know-about-gold/
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