Availability=Excellent and our Question of the Week
Why does everyone love gold even though it has risen only about 10% since its peak in 1980, while the Dow is up about 10-fold since then?
Our Answer: Because no one cares about its long term performance. They only care about what they think gold will do in the short term.
APMEX has excellent (763) availability of U.S. 1 ounce Gold American Eagles, 162 1 ounce Krugerrands, and 10 oz bars at only $14.95/oz over spot. Ah, looks like hyperinflation is imminent, no?
August 7th, 2009 at 8:41 am
I’ve heard this comparison a lot of times- usually to support the specious conclusion that gold is bad investment. On the other hand, you could compare the performance of gold and equities from 2001 to present and come up with a much different conclusion.