Rock.
Gold, as an asset, does NOT change. It is everything else around it that changes.
- At the end of 1970 one ounce of Gold cost just under $40; by 2001 Gold cost $200; by 2006 $600; and by 2017 just under $1300.
Paper.
The purchasing power of the Dollar has depreciated substantially since 1970, while the purchasing power of Gold has appreciated (far more than the Dollar has declined).
- What's in your wallet?
Scissors.
Another time we'll discuss holding stocks in a brokerage via "street registration" without certification. [read: counter party risk aka 'if you don't hold it, you don't own it.']
No comments:
Post a Comment