2004 - 0ne ounce worth about $450
The barbarous relic, as Keynes celled it. is crumbling to dust
2025 - one ounce well over $4,000
Glad that I didn’t listen to the ‘experts’
2004 - 0ne ounce worth about $450
The barbarous relic, as Keynes celled it. is crumbling to dust
2025 - one ounce well over $4,000
Glad that I didn’t listen to the ‘experts’
That is a CAGR of roughly 11.5%. The NASDAQ over the same time frame was approximately 13%. This doesn’t sound like the home run you think it is.
I’ve a widely spread portfolio in shares as well ![]()
I’ve a feeling that gold has a way to go yet.
So do good stocks.
The Captain
When corporate taxes go up this party is over.
In the coming great depression when the government programs are gone, he will raise corporate taxes. Bail out at that point.
You might celebrate Xmas. LOL
To me stocks and gold are at the opposite ends of the investment spectrum. At the moment they are both going up together. If stocks collapse then I would expect gold to stay up. I know it’s not very a very scientific way of looking at things but it works for me. We seem to be in another dot-com bubble at the moment, with AI shares leading the charge. Interestingly the BofE has just issued a warning:
The Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about soaring valuations of leading AI tech companies.
That is an accurate summation.
The importance of him raising corporate taxes is to build the underlying economy. Gold does not do well with that. People buying gold currently are hedging against the opposite that the economy will fail.