- Jan 1, 1970
Chris Jones wrote: said:But I wish I had invested in some gold "many years ago", then I'd have made
quite a profit. If you still had that old scrap you might find that the
economics have changed now.
Of course more recent scrap probably has less gold in it precisely because
the price has gone up so much.
And how have the Vanguard "Index Total" or its "Index 500" stock index
funds fared in such time period after expenses incurred by those funds?
I see gold as a hedge against volatility in markets that make gold
prices ad most stock indexes go opposite ways. I think better still is a
stock portfolio that is well-diversified and having a few percent (maybe
2-5% or so) in precious metals mining and related industries and the rest
in a diversified investment or set thereof into the "broad stock market".
- Don Klipstein ([email protected])