/biz/ - Business & Finance

>>58282483
Against the dollar. Note that Gold has the same or better chart againt ALL currencies. It isn't risk free but then again nothing else is, and certainly no one can default on gold.

Does nobody understand Keynesian economics? Inflation is a feature. You're not supposed to hoard cash. Gold is inflation hedge and speculation. Bitcoin is speculation.
You don't want to park a lot of money in hedge. You invest that money instead.

>>24126411
This is a better graph.
>>24126538
So confidently wrong. The S&P500 does not show returns from dividends.

>>19094506
>memerocks
I'm a retarded bear but even I'm not dumb enough to invest in that

This graph should help you make your decision.

>Everybody in the past agrees that gold as money is a thing of the past and decides to move on.
>Almost a century later, idiots make up and believe their own fantasy about how gold will see a glorious resurrection, because they bought into a stupidly wrong view of economics.

>>17459458
He was business-minded since he was a child.
He was a student of an acclaimed investor.
He reads earnings reports or books written by successful people 24/7. He literally does nothing else with his life.
He used cash reserves from insurance companies to invest.
There are very few like him, and you're just rambling in ignorance.
>>17460029
See picture.

It's just a gamble. You probably have better control and returns with stock market options.

New prediction for this list?

>2009: I know inflation is going to get worse in 2010. Whether it's going to run out of control or it's going to take until 2011 or 2012, but I know we're going to have a major currency crisis coming soon. It's going to dwarf the financial crisis and it's going to send consumer prices absolutely ballistic, as well as interest rates and unemployment.
Nothing happened.

>2011: Why it’s time to dump most U.S. stocks... I would also avoid any high-multiple stocks, which excludes most technology or biotechnology companies.
Technology stocks did phenomonally well over the past decade.

>2012, when gold was $1700: Gold’s got only one direction to go, and that’s higher... I think you’re going to see a big move sometime in the next couple of years... In a few years, we're talking gold $5000.
Then gold crashed to $1300 next year, $1200 the year after.
>2014: I never specified that gold would hit 5000 in two years. You can say that Schiff thought gold would make a big move in two years. He was right, but the move was in the opposite direction... A few could be 3, but it could also be 4 or maybe 5.
It's been 7+ years since his prediction, and gold is now $1500, never having recovered to $1700.

>2012: [QE is] not going to revive the economy. It’s not going to create jobs. But it will help destroy the dollar. And that is going to send gold higher.
Employment actually increased.
>2015 when confronted about his prediction: Most of those jobs will be lost in the coming recession that will likely begin in 2016.
No recession in 2016.

>January, 2019: 2008 Great Recession will Pale Compared to 2019 Bear Market
Bull market in 2019.

>>16827375
Because you want to "store value" instead of growing it.