Gold is too subject to things that can't be predicted and it's likely to get more volatile. E.g. I think much of the demand now is in China and India. That's great as long as their economies are growing; not so much if/when they suddenly stop. What if the NY Fed decides to sell its 6700 tons in gold holdings quickly?
Real estate in Detroit probably has a better trajectory in 10 years than gold. ;-)
If I had $100k that I had to invest in gold, I'd probably try to find some rare gold coins I liked. Not bullion; not double-eagles or whatever. Something that had a story behind it, something that is old and will get rarer over time. Of course, there's the risk of bubbles in the collectors markets, and dealer commissions can be huge. But it would be something more than just a lump of something with atomic number 79.
Even then, I'd figure I would have to hold on to them for 10 years or more to break even.
Just my $0.02. :-)
Cheers,
Scott.
Real estate in Detroit probably has a better trajectory in 10 years than gold. ;-)
If I had $100k that I had to invest in gold, I'd probably try to find some rare gold coins I liked. Not bullion; not double-eagles or whatever. Something that had a story behind it, something that is old and will get rarer over time. Of course, there's the risk of bubbles in the collectors markets, and dealer commissions can be huge. But it would be something more than just a lump of something with atomic number 79.
Even then, I'd figure I would have to hold on to them for 10 years or more to break even.
Just my $0.02. :-)
Cheers,
Scott.