Fun with unexpectedly partisan trends, vol. 39823948234
"In each year of the trend except 2013, Republicans have been significantly more likely than Democrats to say gold is the best investment....the gap...has widened significantly since 2020."
news.gallup.com/poll/645107/...
That’s not goldbuggery, which refers to returning to the gold standard. Gold *has* had excellent returns over the past year as well as longer term. Not sure it is “the best” but definitely worth adding to a diversified portfolio. Dems leaving money on table if they don’t consider it.
Apparently your theory of investing is put all your money in one asset then? I never said gold is the best or only investment only that it can be an important part of a diversified portfolio. Over the past year gold is up 23% It's five year return is 13%...
..Gold can be volatile, up 25% one year, down 10% another, but the important point in portfolio theory is that its returns are not correlated with other asset classes.
Was it abnormally high in 2012 and then crashed? (this looks like +100% since 2014)
If you're adjusting for inflation, that would take some of the shine (sorry) off of the straight pricing I found here, but I'm not too informed on the subject.
goldprice.org/gold-price-h...
Ditto adjust for inflation with S&P or any investment. Gold has done extremely well since about 2018 and especially the past year or so. Not doubt it will go down again, but at certain points it makes sense to add it to your portfolio. Uncertainty in particular pushes gold prices up.
The whole question "what is the best investment" is also stupid, as though we all had just one option for investment or that investment strategies don't change over time (lifecycle of investor, state of macro economy, etc). Even target date funds invest in gold at some points.
