Australian (ASX) Stock Market Forum

Reply to thread

Agree, gold is not a money maker but it is the real money because it retains its value and is the best way to hoard.


Around the year 2000 gold was about $250 to $300 an ounce.  Today US$1220.   There are people who store money, (cash) under the bed so to speak.  $250 cash 18 years back $250 today, in gold $1220 today.


Of course it is not recommended as an investment but many agree a 10% storage lot is healthy for a portfolio.  My favorite are silver coins, 1966 rounds and pre46 which are 92% pure.


Top