The gold debate: Will gold be as good going forward
Gold bugs have spent the last ten years in the sun but, in relative terms the price of gold is rather expensive now, how much higher can it go?
Author: Regarding Capital Management
Posted: Thursday , 02 Sep 2010
Cape Town -
You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold. George Bernard Shaw
In truth, the gold standard is already a barbarous relic. John Maynard Keynes
While many have debated the merits of gold as an investment, one thing stands true: over the last ten years, the gold bugs have had their day in the sun. Chart 1 below shows the performance of gold, the MSCI All Country World Index of stocks, and the Barclays Capital Multiverse Index of global bonds for the last ten years, all rebased to 100, and all stated in US Dollars.
Comments on this entry are closed.