Quote:
Originally Posted by Anja
Is it fair to view them as people who are protecting their own investments by giving that advice?
|
No, it really isn't.
Let me put this another way; if you believe the past is the best predictor of the future, gold returns roughly 0% (I think it is about 0.025%, a little higher if you lease it) over time (real returns).
Historically, in real returns, any broad index returned 4-8% over the last century, compounded.
Buying gold now = herd mentality, nothing else.