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Gold: The Best Performing Asset of the 21st Century Had you acquired a 100 ounce bar of physical gold on December 31, 1999, your total out-lay would have been $29,025.00. The value of that same gold bar today would be approximately $132,800.00. That could easily pay off a mortgage, provide for a child’s college education, or buy a great many other items that would change the lives of most people reading these words. More than a 4-fold rise in the value of any asset over the course of seventeen years would be considered a winner. You will never hear anything like this on mainstream media, as they are too busy reminding you of how great those blips-on-a-screen are performing and making your retirement all cushy and fat. Well, had you invested the same $29,025.00 in the stock market on the last trading day of 1999, you would have made a handsome profit in the 21st century. Unfortunately, your profits would pale in comparison to gold. Your investment not only would have been on the verge of being wiped out on two different occasions, but for all that risk, your investment would have grown by less than double, approximately 57% – nowhere near the four-fold increase in the value of gold.
Remember, you can’t eat gold, so there is no reason to have gold in your portfolio, because unless your portfolio is filled with digestible items, you are going to lose. Unless, of course, you did in fact acquire some gold in the late 1990’s or early 2000’s. Then you know that while you can’t eat gold, there is always a market for gold, anywhere in the world. This means you can convert your gold in to the local currency wherever you decide to have dinner.
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