By The Daily Coin

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 or could easily pay off a mortgage, provide for a child’s college education or a great many other items that would change the lives of most people reading these words. More than 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% – no where near the four-fold increase in the value of gold.

When you watch mainstream media or listen to central bankers, gold is constantly deemed to be the redheaded stepchild of the investment industry.

Just that alone, is unbelievable, considering that gold has been one of the best performing investments of the 21st century.  On December 31st, 1999, gold closed at $290.25.  As of today it is trading at $1327.80.

That is a percentage gain in the last 16 years of 357%!  Compare that to the Dow Jones, which closed the 20th century at 11497 and currently is at 18085 for a gain of only 57.3%.

If there is a business sector or financial asset class that has outperformed gold in the last 16 years, I can’t think of one.  Yet, aside from your crazy neighbor with a bomb shelter or those who read The Dollar Vigilante, how many people do you know who understand the necessity for owning gold and have actually acted on that knowledge?

Meanwhile, central banksters like Alan Greenspan call gold a “barbarous relic,” and Ben Bernanke has opined that gold is not money and the only reason central banks hold it is because of “long-term tradition. ” Source

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 you, while you can’t eat gold, there is always a market for gold, anywhere in the world, which means you can convert your gold in to the local currency where ever you decided to have dinner.

http://thedailycoin.org/

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 -- Published: Wednesday, 14 September 2016 | E-Mail  | Print  | Source: GoldSeek.com

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