You would have missed out on doubling or tripling your money if you hadn't bought gold when those same people had made the predictions.
The S&P 500 has outperformed gold since quantitative easing began. I don't believe there has been a time past four years where a $100 gold purchase would be worth more today than a $100 S&P 500 purchase.
The S&P 500 has outperformed gold since quantitative easing began. I don't believe there has been a time past four >years where a $100 gold purchase would be worth more today than a $100 S&P 500 purchase.
According to Wikipedia, QE1 started in late November 2008. Between November 28th 2008 and December 11th 2012 these were their respective returns:
Gold: 110% S&P500: 47,39%
Now Index-funds are normally better, but just look at the returns from late 2004 to today:
Gold: 165% S&P500: 45%
Gold has been rising more or less steadily over all th...
P/S/A: There are single sentences which can create life-changing amounts of difference.